Accounts Payable CFO Financial Reporting GAAP 
The Charity CFO
JANUARY 17, 2022
Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? Don't hire the wrong accountant for your nonprofit! The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Unpaid bills (accounts payable).
The Charity CFO
APRIL 5, 2022
Furthermore, accrual accounting is required by Generally Accepted Accounting Principles ( GAAP ) because it gives you a more accurate picture of your organization’s fiscal situation and allows for easier side-by-side comparison with financial statements of other organizations. Common accrual accounts include: .
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Charity CFO
FEBRUARY 25, 2022
For that reason, your account numbering, category names, and structure should follow standard guidelines and numbering conventions established by Generally Accepted Accounting Principles (GAAP). . For example, you don’t need separate accounts for different types of office supplies (pens, paper, markers).
The Charity CFO
FEBRUARY 4, 2022
Nonprofit bookkeeping is the process of entering, classifying, and organizing financial data for the purpose of creating accurate financial records for your organization. Bookkeepers lay the foundation for the accounting processes that will follow. At The Charity CFO, we handle the books and all of your accounting needs.
BlueLight
JULY 30, 2020
The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. The CFO suite doesn’t want to be the “department of No.”
Expert insights. Personalized for you.
98 
Let's personalize your content