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All of that can make the process of preparing for a nonprofit audit complex, particularly for nonprofit organizations with under-resourced finance functions. Working with an external audit preparation partner can help organizations take a https://greatercollinwood.org/main-benefits-of-accounting-services-for-nonprofit-organizations/ more proactive approach to their annual financial statement audit. Accounting software designed for nonprofits, such as Araize FastFund Accounting, helps …

Nonprofit Audit Checklist + Free PDF Download Lire la suite »

This category includes all the costs of hiring and retaining staff—including salaries, payroll taxes, health insurance, retirement contributions, and other benefits. Nonprofit organizations need to budget enough for these expenses to ensure they can attract and retain qualified staff while remaining financially sustainable. And it doesn’t look at how some « Other expenses » might be non-operating …

Budgeting: A 10-Step Checklist Lire la suite »