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4 Common Accounting Errors for Nonprofits to Avoid
It may be tempting to try to save money and perform your nonprofit’s accounting tasks internally. But if your staff…
How to Prepay Expenses Strategically and Report Them Accurately
In accrual-basis accounting, timing is everything. One core principle of U.S. Generally Accepted Accounting Principles (GAAP) is the matching concept,…
Operating Reserves: More Than a Rainy Day Fund
Operating reserves — unrestricted assets you can readily access — are often called “rainy day funds.” However, stable reserves are…
3 Tips to Help Avoid Social Media Reputational Risks
More than ever, many nonprofits are counting on social media to boost fundraising and build awareness. These tools have proven…