The Charity CFO

APRIL 29, 2022

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. What is a financial statement audit?

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

The Charity CFO

JULY 19, 2024

Common nonprofit bookkeeping tasks include: Recording donations Entering accounts payable and receivable Organizing and reviewing bank statements Maintaining the general ledger These everyday financial duties help bookkeepers provide a clear and up-to-date picture of the nonprofit’s financial status.

CFO 52

CFO Accounting Nonprofit General Ledger 52

The Charity CFO

OCTOBER 9, 2024

Modern nonprofit leaders are always looking for ways to use technology to make everyday tasks easier. Generally Accepted Accounting Principles, or GAAP , is a set of standardized accounting rules and guidelines that govern how you report financial information. So why does it seem so hard to find this unicorn platform?

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Centage

OCTOBER 3, 2022

Minimal Reporting Capabilities If you rely on Excel spreadsheets, you may be dealing with minimal reporting capabilities and delayed reporting. Detailed reports are crucial for performing predictive analysis and helping you gain essential insights into your data.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Centage

OCTOBER 3, 2022

If you rely on Excel spreadsheets, you may be dealing with minimal reporting capabilities and delayed reporting. Detailed reports are crucial for performing predictive analysis and helping you gain essential insights into your data. For budget forecasters, real-time financial reporting has become increasingly vital.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52