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Nonprofit Operating Reserves

The operating reserve is cash to be used in the organization. It is part of an overall cash flow plan. Reserves can be for a specific...

How much does a nonprofit audit cost?

Audits are expensive. They are the highest level of assurance; therefore, require the most work. The fee quoted will depend on several...

Accounting for Non-Cash Contributions

Contributions can be made to a nonprofit in either cash or property. Non-cash contributions can be tangible or intangible. Tangible...

Form 990 Review

Part of a nonprofit organization’s board of director’s and management’s fiscal responsibility is a review of the information return, form...

NONPROFIT OPERATING RESERVES

The operating reserve is cash to be used in the organization. It is part of an overall cash flow plan. Reserves can be for a specific...

Non-Profit accounting: Vendor Files

As a nonprofit auditor in North Carolina I often encounter incomplete vendor files and vendor on-boarding procedures. A file should be...

How to Prepare for the Year End Audit

Once year end hits, the clock starts ticking. Most audits required by regulatory agencies or grantors, impose a deadline for completion...

Am I Required to Have an Audit?

The first question I ask as a nonprofit auditor when receiving a request for an audit quote is “Why do you need an audit?” Audits can be...