Managing Money With Mission

Category Archives: Nonprofit Accounting Practices

Three Accounting Best Practices for Nonprofits

accounting-best-practices-nonprofitsNonprofits don’t always consider the importance of proper accounting practices. What happens if your nonprofit makes money at the end of the year? Do you know if an employee or board member has a conflict of interest?  Having solid accounting practices not only helps the overall success of your organization, but they are necessary for a smooth audit process. Let’s highlight the top three essential accounting best practices. Continue Reading

A Fractional CFO For Your Nonprofit

When you hear about “fractional CFOs” you probably aren’t thinking about hiring one for your nonprofit. But, having a part-time Chief Financial Officer / Controller to advise your executive team could be the part that’s missing to help your nonprofit grow. Fractional CFOs are starting to become more common place, not just for large companies… Continue Reading

Outsourcing Your Accounting Services

Nonprofit organizations, and accountants, understand the need to count every penny. Staying on track with your strategic plan and achieving your goals is based largely on how your organization manages its money. Is your accountant on staff as knowledgeable as you have come to expect? Do they have the benefit of industry perspective and continually… Continue Reading