The Charity CFO

APRIL 5, 2022

But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting. Is your nonprofit required to use accrual accounting? So which accounting method is right for you? Cash vs. Accrual Accounting: What’s the difference?

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

The Charity CFO

JANUARY 5, 2022

Functional expense reporting confuses many first-time nonprofit bookkeepers and executives. But it is need-to-know-information in the nonprofit world. Because you’re required to report functional expenses to complete your IRS 990 and maintain nonprofit status. Don't hire the wrong accountant for your nonprofit!

Nonprofit 96

Nonprofit Auditing GAAP CFO 96

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Another difference is in fund accounting.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

The Charity CFO

DECEMBER 8, 2022

Grants are the lifeblood of nonprofits, giving them the much-needed cash injection to market the organization, fund a project, or get an initiative off the ground. Having a full grant pipeline increases your nonprofit’s chances of success and improves your visibility and credibility. What is a Grant? Scholarships. Fellowships.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

The Charity CFO

MARCH 24, 2022

Nonprofit fraud makes for great headlines— like the Minnesota nonprofit Feeding Our Future accused this year of squandering $48 million of federal funding on luxurious trips, fancy mansions, and other personal costs. . According to The New York Times , the value of nonprofit fraud is approximately $40-50 Billion each year.

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

The Charity CFO

MAY 2, 2022

W atchdog organizations, large donors, and grantmakers regularly use your 990 to uncover a nonprofit’s financial health in just a few seconds. Just by reading these three section of the 990, your donors can get a pretty accurate picture of the financial health of your nonprofit. . Let’s get started! ?? Parts I, VII, and X.

Nonprofit 105

Nonprofit GAAP CFO Accounting 105

Centage

OCTOBER 3, 2022

Maintaining multiple spreadsheets requires manual data entry, which can allow human mistakes to creep in. Excel is a popular spreadsheet tool for personal and business use. This accessible program can accomplish various tasks, such as financial forecasting and budgeting. Businesses can also customize templates to suit their unique needs.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Centage

OCTOBER 3, 2022

Maintaining multiple spreadsheets requires manual data entry, which can allow human mistakes to creep in. Excel is a popular spreadsheet tool for personal and business use. This accessible program can accomplish various tasks, such as financial forecasting and budgeting. Businesses can also customize templates to suit their unique needs.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

CFO News Room

NOVEMBER 22, 2022

Matthew is the CEO of Equilibrium Wealth Advisors, an independent RIA based in Pittsburgh, Pennsylvania, that oversees more than $275 million in assets under management for 330 client households. Welcome back to the 308th episode of the Financial Advisor Success Podcast ! My guest on today’s podcast is Matthew Blocki.

Planning 130

Planning Communication Profit and Loss Education 130

PYMNTS

JANUARY 8, 2021

Companies, nonprofits, sole proprietorships and entities that didn’t get PPP loans during last year’s original $525 billion PPP initiative can receive up to the full $10 million this time if they qualify. Sole proprietors, independent contractors and some self-employed individuals are eligible, as are churches and other nonprofits.

Nonprofit 82

Nonprofit Auditing Accounting Numbers 82