Nonprofit Internal Controls: The Essential Guide to Fraud Prevention
Nonprofit internal controls were the missing piece that led to a significant loss of funds for a beloved community organization we recently reviewed. Sadly, the cause wasn’t a sophisticated cyber-attack but a simple lack of oversight in their accounts payable process. Consequently, this vulnerability allowed a trusted volunteer to divert small amounts of cash over […]
Restricted vs Unrestricted Funds: Nonprofit Accounting Guide
Restricted vs unrestricted funds management is the absolute cornerstone of nonprofit financial integrity and donor trust. However, many organizations struggle significantly to keep these buckets separate, leading to commingled cash, inaccurate reporting, and eventual compliance nightmares. If you want to survive your next audit and build lasting relationships with major donors, you must track spending […]
Nonprofit Audit Prep: The Ultimate Guide to Slash Fees
Effectively, Nonprofit Audit Prep is the single most important activity for reducing administrative stress during tax season. However, many leaders view the annual audit as a terrifying season of scrutiny. Specifically, preparing a single, organized audit package in advance transforms the process from a chaotic scramble into a confident demonstration of stewardship. Below, we outline […]