There are always changes that can be implemented at your nonprofit or business that will make your operations more efficient, especially when it comes to accounting practices. It’s hard to realize your organization may be working with multiple inefficiencies since you’re “in the weeds” with day-to-day work. Unless something goes wrong, why change it? The answer is easy: updating how things are done at your nonprofit by incorporating efficiencies will help grow your mission. Here are five accounting practices we recommend you review annually for the overall health of your nonprofit. Continue Reading
Managing Money With Mission
Category Archives: Accounting Practices
Identity Theft Warning: Unemployment Benefits
We are heading into tax filing season and the IRS is seeing an uptick in taxpayers receiving form 1099-G even though they never filed for unemployment during 2020 and the COVID-19 Pandemic. If you or any of your employees received the form yet never filed, identity theft is likely and someone may have received benefits… Continue Reading
Keeping Your “Bookkeeper” and Outsourcing Your Business Controls
Small to mid-sized businesses and nonprofits tend to default to having one person control all of the business’s accounting functions, known fondly as “the bookkeeper.” Oftentimes this bookkeeper ends up being the company’s owner or nonprofit organization’s executive director. Aside from the capacity challenges of a high-level employee managing the books when they should be… Continue Reading
So, You Want to be an Accountant?
When people think about accounting and accountants, most immediately think, “spreadsheets, number crunching, boring.” Those of us in the accounting world tend to view our careers differently, and those of us here at N4N use our passion for numbers to focus solely on helping nonprofits manage their money so they can focus on their missions.… Continue Reading
Accounting in the Cloud
The COVID-19 pandemic has taught us all about adapting to the world we live in and how much can change instantly, including our jobs and how we complete tasks virtually. While working from home isn’t new to the accounting world, the lack of face-to-face meetings and providing accounting services all via the cloud certainly is.… Continue Reading