by Anne Messerli | Sep 27, 2018 | Accounting and Audit, Best Practices
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...
by the NFP Partners Team | Aug 30, 2018 | Accounting and Audit, Best Practices, Management, Nonprofit
A Guide to Monthly Financial Reporting The objective of monthly financial reporting is to provide information about the financial position of an organization, including performance and changes. Financial reporting provides useful information to a wide range of users...
by Stephanie Underwood | Jul 19, 2018 | Accounting and Audit, Best Practices
How to Read Financial Statements for Nonprofits As a non-financial manager, or Board member, do you ever look at a set of financial statements and your eyes cross? It may look like a jumbled mess but it has valuable information that is important to understand. Here,...
by Stephanie Underwood | Mar 19, 2018 | Accounting and Audit, Best Practices, Management, Nonprofit
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 anxiety time but audits can be an event to look...
by Makalah Emanuel | Mar 16, 2018 | Accounting and Audit, Best Practices, NFP Partners Clients and News, Nonprofit, Technology
Back in April 2017, we discussed the importance of considering Accounts Payable automation as a way to streamline tasks and increase efficiency for nonprofits. In our review of potential AP automation options, it became apparent this field is rapidly expanding. So, we...
by Laura Jorstad | Nov 27, 2017 | Accounting and Audit, Best Practices, Guide to Strong Financial Leadership, Management, NFP Partners Clients and News, Nonprofit, Training
Planning Your Nonprofit’s Sustainable Financial Management – A Guide to Strong Financial Leadership NFP Partners has talked about areas to focus on that relate to nonprofit financial planning, monitoring, operations, and governance. In a previous article,...