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6 Nonprofit Bookkeeping Tips to Save You Time & Money

The Charity CFO

If you manage a nonprofit, you know very well that every day there are a million and one things to be done. And, of those a million and one things, bookkeeping is not at the top of your favorite things to do list. . Good bookkeeping requires extreme accuracy and attention to detail. Top Nonprofit Bookkeeping Tips.

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Nonprofit Audit Checklist (+ Free PDF Download)

The Charity CFO

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. The most important thing you can do is be prepared.

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Job Description For Nonprofit Finance Director

The Charity CFO

The finance director role is critical to the success of any nonprofit, making it one of the most important hires an organization can make. If you are looking for a finance director, it is important to find someone who is not only qualified for the position but also fits well with the organization’s culture. How to verify.

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How to Create A Nonprofit Operating Reserve Policy

The Charity CFO

Why does your nonprofit need an operating reserve? . A report released last year by Candid and the Center for Disaster Philanthropy estimated the worst-case scenario would lead to the closure of 38% of nonprofits in the United States. What is a nonprofit operating reserve? . Hopefully, we’ll fall far short of that number. .

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Cleaning Up the Skeletons in Your Financial Closet

The Charity CFO

Is this you? “I I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. 99% of nonprofit founders we work with don’t have a background in finance. The Big Red Flag you need to check for and how to fix it (15:28). A Modern Nonprofit Podcast.