For any organization, nonprofit or otherwise, having a well-planned budget is crucial to success. Having your finances in order lets you plan ahead, keeps your organization and its programs running, and lays a foundation for where the organization is headed for the year. Quick Case Study In the case of one of our clients, a…

There are few things that are as frustrating as having to re-forecast your nonprofit’s budget when things don’t go according to plan. As mid-year closes in, it’s common for nonprofits to find their carefully prepared budgets aren’t balancing the way they’d expected them to. If you’re not prepared, these fluctuations can seriously disrupt your organization…

So you decided to take get a financial statement audit done for your organization. Sure, it’s a big–and sometimes stressful–decision, but it’s an investment that will serve your organization well. However, having the audit done is just a part of the process. Once your auditors have completed their review, they’ll provide you with their findings.…

Audits: just saying the word is enough to give even the most experienced executive director a rush of anxiety. They can be stressful, time-consuming and, if you run a nonprofit, often necessary. A financial statement audit is an examination of an organization’s financial records, accounts, and accounting practices. This is different from an audit where…