Taming Your Nonprofit Chart of Accounts with Dimensions
This post was originally published on the Sage Intacct Blog Is your nonprofit dealing with an ever-multiplying Chart of Accounts (COA) just to get at the metrics behind transactions? Without the right accounting software, many nonprofits find it difficult to sift through unwieldy COAs with thousands of unique account numbers to decide which account to…
Preventing Fraud Must Still Be a Top Priority During Challenging Times
By Lindsay Dean, CPA, Senior Manager, Audit Like their for-profit counterparts, nonprofits were not spared the complex financial and operational challenges presented by the global COVID-19 pandemic. Many have cut back on programming, reduced staff or been forced to rely on reserves to survive. At the same time, a transition to virtual work has resulted…
Are Your Employees Afraid to Return to Work?
If you have employees working from home, and you want to transition them back to the workplace as the economy picks up, you may find it’s harder than you once thought. For some employees, nervousness about remaining health risks is an impediment — especially for those who haven’t been vaccinated. Many Americans clamored to be vaccinated…
Five Ways to Inspire Nonprofit Innovation
Many not-for-profit organizations have been hanging on for dear life for the past year. But the days of survival mode are coming to an end. Now, nonprofit leaders need to be innovative to position their organizations for future growth. In other words, if you’re not moving forward, you’re moving backward. But how do you cultivate a…
New Thresholds and Regulations in 2021 for New York Nonprofits
By Walt Derengowski, CPA, CFE, Partner, Audit Signed into law in 2013, the New York Nonprofit Revitalization Act (NPRA) introduced statutory requirements for nonprofit organizations registered with the Attorney General’s Charities Bureau and those that conduct charitable solicitations in New York, regardless of where they are incorporated. The intent of NPRA is to reduce the…