Nonprofit Accounting Resources
Here are a few helpful nonprofit resources that I’ve come across over the years:
Not-for-Profit Accounting Help (Nancy Church, CPA) – Nancy, who is devoted to the nonprofit sector, writes a terrific blog, along with a practical ground-level guide to nonprofit accounting. The information can be purchased and downloaded for a fair price. Recent newsletter articles include: “Managing Expectations: Accounting and Development,” “It Was a Crime of Opportunity!” and “Negative Unrestricted Net Assets.” The newsletter subscription is free.
My Financial Management Plan (Nonprofit Risk Management Center) – This resource focuses on nonprofit risk management. I particularly like the “My Financial Management Plan” component, which provides a dedicated website for documenting your nonprofit’s governance rules and policies, internal controls, and financial policies, and procedures. The resource offers modifiable templates, or you can create and upload your own. There is an initial reasonable subscription cost that is well worth it, considering the amount of work it saves you. NFP Partners provides “My Financial Plan” in our package of services to our accounting services clients.
Not-for-Profit-Accounting is a blog maintained by Alan Strand, an accountant with years of practical experience as a nonprofit CFO and an accounting services provider. He has a penchant for keeping abreast of nonprofit accounting developments, so you will invariably run across valuable information of you visit his site on a regular basis.
Charities Review Council is a Minnesota-based nonprofit, providing free information to other nonprofits, including on accountability standards, along with sample documents covering governance, public disclosure, financial activities, and fund raising. The organization really seem to have its act together…something about those Minnesota folks.
Board Source has provided a link to an Audit Guide developed by the National Council of Nonprofits and the First Nonprofit Foundation that covers most of what a nonprofit executive or Board member needs to know about an independent audit, as well as guidelines on selecting an auditor and managing the process. The audit guide is free and accessible on-online.
If you have any favorite resources to share, please e-mail them to me at email@example.com.