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- Why Segregation of Duties Matters in an IT Environment
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- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
- Excel Made Easy – VLOOKUP and XLOOKUP
- Physical Inventory Considerations
- I Submitted a December Budget Revision, Now What?
Tag Archives: not-for-profit
Are You Ready for PPP 2.0?
On December 27, 2020 a new COVID-19 relief bill was signed into law. This relief bill contains a new version of the Paycheck Protection Program (PPP) and some updates to the old PPP that are important as well. New funding … read more
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Tagged Arizona, COVID-19, CPA, loan, Michael Lauzon, nonprofit, not-for-profit, NPO, paycheck protection program, Payroll Protection Program, PPP
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Thanking Your Donors
Every nonprofit should thank their donors, right? It’s not only polite and courteous (and may be required by the IRS), but thank you letters can be a very smart and witty way to encourage additional donations. According to a Burk … read more
Accounting for Donations Received at Year End
Tracking when donations are received is always important, but it is even more crucial at year end as your nonprofit needs to ensure that each donation is recorded in the correct fiscal year. To ensure your accounting records are accurate, … read more
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Tagged 501c3, accounting, Arizona, donations, financial reporting, nonprofit, not-for-profit, NPO
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Spotlight on Monitoring the Financial Health of Your Organization – Statement of Financial Position
Does your organization have the ability to weather unexpected financial challenges? This can be critical to those analyzing your financial statements both internally and externally. The amounts reported within the Statement of Financial Position can provide valuable information regarding the … read more
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Tagged accounting, Arizona, financial statement, non-profit, not-for-profit, NPO, statement of financial position
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Volunteer Incentives or Compensation?
Many non-profits could not accomplish everything they do without the help of volunteers. Of course you want to recognize and reward them for all they do for your organization. How can you recognize all your volunteers do for you and … read more
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Tagged accounting, Arizona, compensation, non-profit, not-for-profit, NPO, taxes, volunteer gifts, volunteer recognition
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Essential Cash Internal Controls for Small Nonprofit Organizations
If your nonprofit organization has just a handful of employees (or maybe only one!), developing appropriate internal controls for cash and bank accounts are critical for maintaining the security of your organization’s funds. Below are some recommended processes to help reduce opportunity … read more
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Tagged Arizona, cash, fraud, internal controls, New Mexico, non-profit, non-profit accounting, not-for-profit, NPO
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