Does my nonprofit need a bookkeeper or a CFO?
As an outsourced provider of chief financial officer (CFO) and controller services to nonprofits, the question of bookkeeper vs. CFO is usually the first asked by potential clients. Titles, such as bookkeeper, controller, and CFO, can get tossed around rather loosely in the small-and-medium-sized nonprofit world. In this article, we’ll define the general duties of […]
Stepping Up to New Accounting Software – How It Really Works
NFP Partners gives you an in-depth analysis as to why stepping up to a new accounting software is vital to your organization’s success.
How to Avoid Nonprofit Financial Pitfalls Collection
NFP Partners has been helping nonprofits become stronger financial managers since 2006. Since then, we have been learning more about how nonprofits can help or hurt the fiscal health of their organization. Because of such, we’ve put together a collection of articles to assist nonprofits in bettering their finances. Here’s how your nonprofit can avoid […]
How to Avoid Nonprofit Financial Pitfalls
NFP Partners has looked at common opportunities to avoid financial pitfalls through our article series. We’ve looked first at the core of successful accounting systems and financial reporting, the chart of accounts. In this article, we will look at more procedural or organization best practices. Many of the recommendations we discuss below are important to […]
How to Avoid Nonprofit Financial Pitfalls: Chart of Accounts Overview
NFP Partners has offered articles which look at the most common pitfalls our accounting services clients make. These articles focus on best practices. In more detail, the articles aim to improve processes and ensure solid internal controls which protect the assets of the organization. In this article, we will focus on the core for successful […]
A Guide to Monthly Financial Reporting
NFP Partners walks you through the steps you can take to begin monthly financial reporting at your nonprofit organization.
How to Avoid Nonprofit Financial Pitfalls: What You Need to Know About Reconciliations
While your organization may perform monthly bank reconciliations, how often are you performing reconciliations for accounts receivable, accounts payable and other general ledger accounts? Reconciling is a very important aspect of accounting which can help keep your accounts up-to-date and balanced and make the year-end process easier. Since the majority of nonprofits require yearly audits, […]
ELV’s Case Study – A Nonprofit Organization Forced to Fit Into a For-Profit Company Structure
About the nonprofit client: Early Learning Ventures (ELV) is a Colorado-based nonprofit organization dedicated to expanding access to quality, affordable childcare. The organization focuses its efforts on improving its early childcare programs offered at the nation’s center and home-based childcare facilities. Eighty-five percent of the childcare facilities are small, independent businesses that lack the infrastructure […]
How to Read Financial Statements for Nonprofits
NFP Partners’, Stephanie Underwood helps your nonprofit organization read and understand financial statements with this helpful guide.
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