Aug 4, 2026 | Not-for-Profit
Boards and finance committees that treat the budget as a living document — rather than an annual ritual — tend to make better decisions under pressure. The focus should be not only on last year’s numbers but also on the potential impact of a major donor’s...
Jul 9, 2026 | Not-for-Profit
Incomplete or inaccurate grant reports can jeopardize future funding, making reporting one of the high-stakes administrative functions in nonprofit management. However, organizations that maximize their reporting infrastructure don’t just meet requirements; they...
Jun 26, 2025 | Not-for-Profit, Tax News
When it comes to financial planning, few things are more important to a nonprofit than the creation of the budget. It’s how the board of directors and staff plan for income and expenses. Approval of the annual budget is a fundamental step toward sound financial...
Apr 24, 2025 | Not-for-Profit, Tax News
If you’re planning to enter the world of tax-exempt organizations, you first need to understand what a tax-exempt organization actually is. According to the IRS, the organization must fall into one of the following categories: charitable, religious, educational,...
Sep 5, 2024 | Business Planning, Closely Held Business, Not-for-Profit
Maintain accurate records; keep track of your company’s finances, bookkeeping, payroll, management accounting, taxes, accounts receivable, accounts payable and financial reporting; and follow up on debts and compliance. Phew! What a relief to have expert...
Jul 23, 2024 | Business Planning, Not-for-Profit
Nonprofit accounting may seem overwhelming at times, but it becomes easier once you begin to understand how finances function and move within your organization. By using this info, you can implement best practices for effective accounting decisions. With the right...
