The Charity CFO

APRIL 13, 2023

This is why at The Charity CFO , we strive to provide relevant resources and support to ensure that your organization runs smoothly and efficiently. Compliance requirements vary by state and funding sources. Accounting Standards In the United States, all organizations must adhere to the Generally Accepted Accounting Principles (GAAP).

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

The Charity CFO

DECEMBER 30, 2021

The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time. It confirms your compliance with federal grant management standards. Get the free guide!

Nonprofit 98

Nonprofit Auditing GAAP Accounting Principles 98

Boston Startup CFO

APRIL 3, 2023

Familiarity with Generally Accepted Accounting Principles (GAAP) is essential. If you lack knowledge in accounting principles, you open yourself up to many potential risks, including inaccurate financial statements which can hinder your ability to make informed decisions.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

Future CFO

APRIL 18, 2022

It also helps finance teams deliver financial results, create informative financial and management reports, and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics. It enables finance teams to automate and accelerate the financial close with minimal IT support.

Finance 52

Finance IFRS GAAP Accounting Principles 52

The Charity CFO

FEBRUARY 4, 2022

Nonprofits must maintain thorough and accurate financial records to comply with both Generally Accepted Accounting Principles ( GAAP ) and maintain their tax-exempt status with the IRS. On top of that, nonprofit bookkeeping requires staying updated on income tax changes and filing requirements to ensure compliance. .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

The Charity CFO

JANUARY 5, 2023

Tax issues and non-compliance with regulatory requirements. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). A Nonprofit Budget. A well-formulated budget should focus on the goals and objectives of your organization. Make board members accountable.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

The Charity CFO

JANUARY 26, 2023

Proper revenue recognition is a core accounting principle that ensures proper financial reporting, ensuring that you remain compliant and maintain donor confidence. Our team can provide comprehensive tax and financial guidance to help your organization remain in compliance with all state and federal regulations.

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52