Remove Auditing Remove GAAP Remove Invoicing Remove Math
article thumbnail

Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

You can grasp nonprofit accounting basics in just a few minutes, even if you’ve never taken an accounting course (and even if you hated math in high school). Accounts payable is an account containing any outstanding bills or invoices that you haven’t yet paid. These financial statements are required for a nonprofit audit.

article thumbnail

Two CFO-Level Accounting Tools to Add Value to Your Accounting Services

The CFO College

Acquiring these advanced types of services, like setting up a permanent audit trail, rolling cash forecast, month-end reporting, and strategic planning, is the secret sauce your potential client needs to know how their money flows in and out of their company (and what their financial future will look like).