3 Key Internal Control Activities

3 Key Internal Control Activities

Marriam-Webster defines internal control as, "a system or plan of accounting and financial organization within a business comprising of the methods and measures necessary for safeguarding its assets, checking the accuracy of its accounting data or otherwise...

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Communicating Finances to Your Nonprofit Board

Communicating Finances to Your Nonprofit Board

There is no doubt that communicating essential financial information while maintaining a positive relationship with your nonprofit board is critical to the success of your organization. However, it’s not without its challenges. Over time, we’ve learned the best approach centers on three key areas.

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Effectively manage your nonprofit’s grants

Effectively manage your nonprofit’s grants

Grants are essential sources of revenue for most nonprofits. They’re critical for your mission but carry with them a high burden of monitoring and accountability. If you’re wondering how to manage grants for your nonprofit, remember that proper allocation, tracking,...

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Best Practices Around Budget Automation

Best Practices Around Budget Automation

We’re at the half-year review mark of the budget lifecycle. Have you observed anything over the last six months that should be automated? Do you believe budget best practices are being incorporated, or have you identified ways to improve the budget process? Let’s...

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Check tampering: Is your nonprofit at risk?

Check tampering: Is your nonprofit at risk?

Mountain State Justice: A True Story What would happen to your mission if you lost $1 million from your budget? That’s precisely what happened to Mountain State Justice, a nonprofit organization that provides legal advocacy to low-income people in West Virginia. In...

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What is Government Fund Accounting?

What is Government Fund Accounting?

Government entities – whether local, state, or federal – are diverse and complex, with countless legal and fiscal constraints around how they carry out their various and diverse operations. Consequently, government fund accounting can be a bit of a beast. Government...

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