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- Common Audit Requests for Selections and the ADM 15
- Documenting Board Approval for Payroll Contracts
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- Why Segregation of Duties Matters in an IT Environment
- Don’t Hold Your Breath: Why Water and Wastewater Rates in Arizona Aren’t Falling Anytime Soon
- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
- Excel Made Easy – VLOOKUP and XLOOKUP
Tag Archives: NPO
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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Why Good People Do Bad Things
When fraud occurs, it is often assumed that the perpetrator will be easily identifiable as an unethical person. Indeed, many organizations’ fraud prevention tactics utilize interviews and background checks during the hiring process, as well as ongoing feedback and interaction … read more
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Tagged accounting, Arizona, fraud investigations, fraud prevention, fraudsters, government, nonprofit, NPO
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Refresher on Good Nonprofit Governance Practices
The IRS believes well-governed nonprofit organizations are likely to be more compliant with tax laws, safeguard charitable assets, and serve charitable interests. As nonprofit organizations come under increased scrutiny by the public and the IRS, governance practices and policies are … read more
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Tagged accounting, Arizona, finance, Form 1023, New Mexico, non-profit boards, non-profit governance, NPO, oversight
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Constructing an Effective Cost Allocation Plan
Cost allocation is important because, when it’s done accurately and consistently, it can provide a realistic picture of what expense is required to run a program. Another important function is to assist users of your organization’s financial information to make … read more
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Tagged accounting, Arizona, cost allocation, grant reporting, nonprofit, NPO
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