Sherri RoseJan 14, 20222 minNonprofit Operating ReservesThe 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...
Sherri RoseJun 8, 20212 minHow 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...
Sherri RoseDec 8, 20202 minNonprofit Statement of Functional Expenses Allocation MethodsIf you are a nonprofit organization in North Carolina you may be required to prepare a statement of functional expenses. The statement...
Sherri RoseJun 9, 20203 minAccounting for Non-Cash ContributionsContributions can be made to a nonprofit in either cash or property. Non-cash contributions can be tangible or intangible. Tangible...