The Charity CFO

MARCH 24, 2022

Fraud losses in the charitable industry destroy an organization’s reputation, future financing opportunities, and capacity to carry out its mission. And in early 2021, the department labeled Feeding Our Future “seriously defective” due to incomplete financial audits and lapsed IRS nonprofit registration.

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

The Charity CFO

JANUARY 17, 2022

The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. . Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time. You would show a large “gain” in September and large “losses” in October and November.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

CFO Share

JULY 20, 2021

Is your small business not making as much profit as you expect? Are you earning profits but always falling short on cash? But recently, business has not been as profitable as normal despite steady sales. Or maybe the P&L shows a profit, but cash keeps dwindling. Filing an insurance claim for fraud losses.

Accounting 52

Accounting Profit and Loss Auditing Invoicing 52

CFO Share

OCTOBER 14, 2021

Continuously shrinking cash despite profitable financial reporting. Negotiations do not always recover 100% of the losses, so you will need to write off a portion of the fraud as losses. In general, these are the most common controls missing for fraud detection and prevention: No 3-way match on AP invoices.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Restructuring Auditing 52