by Lee Bengston | Mar 6, 2019 | Accounting and Audit, Management, NFP Partners Clients and News, Nonprofit
The Cost of Nonprofit Accounting Employee Turnover Employee turnover is no stranger in the nonprofit world. Although it’s difficult to get reliable and current statistics by position types, an annual rate of 25% is a fair overall benchmark. This article shows how your...
by Laura Jorstad | Jan 3, 2019 | Accounting and Audit, Best Practices, Management, NFP Partners Clients and News, Nonprofit
What Your Nonprofit Needs to Know About Audits Most nonprofit organizations require an annual audit by a CPA. Smaller organizations can get by with what is called a review – or an “audit light.” For personnel who work in the accounting department, it’s too often...
by Laura Jorstad | Jan 3, 2019 | Accounting and Audit, Best Practices, Management, Nonprofit
Nonprofit Audit vs. Financial Review and Rotating Audit Firms NFP Partners provides services to a variety of nonprofits and as a part of the services, we participate in the madness of helping them prepare for their annual audit. We often have conversations with our...
by the NFP Partners Team | Jan 3, 2019 | Accounting and Audit, Management, Nonprofit
How to Communicate Your Nonprofit’s Financial Story Let’s face it; nonprofit financial data has a reputation for being boring and can fill even the most devoted professionals with dread. To change this perception, nonprofit organizations should create and convey...
by Lee Bengston | Jan 3, 2019 | Accounting and Audit, Management, Nonprofit
How Your Nonprofit Can Benefit from Outsourced Accounting Services Nonprofits in every stage, from growth to maturity, can benefit greatly from outsourced accounting services. In this article, NFP Partners details the most fundamental financial management components...
by Lee Bengston | Jan 2, 2019 | Accounting and Audit, Management, Nonprofit
Outsourced Nonprofit Accounting Benefits – Beyond The Money A nonprofit organization’s decision to outsource its accounting can provide cost savings over that of maintaining an in-house staff. We’ve covered some of these cost savings in a previous article,...