The operating reserve is cash to be used in the organization. It is part of an overall cash flow plan.

Audits are expensive. They are the highest level of assurance; therefore, require the most work.

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

All nonprofit organizations that expend $750,000 and more are required to have a single audit under the OMB circular A-133 requirements. ...

A subrecipient is an organization that receives federal awards from a pass-through entity rather than directly from the federal grantor...

Accounting for grant revenue is vital for the nonprofit organization. Careful attention to detail must be provided throughout the life...

All nonprofit organizations, even the smallest of nonprofits, benefit from having a well-defined year end closing process. The first...

Smaller nonprofit organizations often do not have the volume of transactions to require multiple level controls. Too many controls can...

Volunteers are an integral part of many nonprofit organizations. Some organizations depend on their very survival by incorporating...

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