Nonprofit Audits vs. Reviews: Key Differences Your Organization Should Know About
NPO
When it comes to financial statements and audit requirements, not-for-profit organizations have different legal obligations compared to for-profit organizations. Not-for-profit…
Guide to Effective Nonprofit Board Reporting
NPO
Nonprofit boards tend to encompass a variety of skills and interests. But while many of these are valuable in terms…
Importance of Internal Controls for Nonprofit Organizations
Accounting
Creating and maintaining a strong internal control system for nonprofits is one of the most important steps that NPOs and…
Four Reasons Why We Recommend QuickBooks Online for Nonprofit Organizations
NPO
At Enkel, there are a lot of great reasons why we recommend QuickBooks Online (QBO) to our NPO clients. For…
First Nonprofit Audit – What to Expect
NPO
Though time-consuming and expensive, nonprofit organizations are often required to conduct audits. External audit requests can be made by governing…
Nonprofit Reserve Funds: 5 Best Practices for Managing Your Restricted Funds
NPO
Maintaining a healthy reserve ratio can both support and propel nonprofits ahead. In an earlier article, we discussed the different…
Nonprofit Reserve Funds: Guide to Financial Stability
NPO
With the giving ability of some donors hampered, and in-person fundraising programs no longer a viable option in many cases,…
How Much Should You Raise For Your Year-End Fundraising
NPO
With Giving Tuesday approaching, it’s time to start planning your year-end fundraising campaign to take advantage of the biggest donation…
How to Track and Support Your Giving Tuesday Fundraising Using Cloud Accounting Software
NPO
Following hard on the heels of Black Friday and Cyber Monday in late November, Giving Tuesday is set to kick…
Guide to Grant Reporting: Preparing Accurate Financial Reports for Your Funders
Accounting
As the final stage in the grant process, grant reporting is the culmination of all the time and effort you’ve…
5 Tips to Improve Your Grant Financial Management
Accounting
Congratulations! You’ve navigated the application process successfully and your grant’s been approved! Time for your organization to roll up its…
Four Ways to Transform your Nonprofit using Technology
NPO
Organizations of all types must embrace technology to stay competitive. In highly mission-driven organizations like nonprofits, however, it can be…