Strong financial governance is a responsibility that you have to your funders, donors, board, and the community. Therefore, the year-end accounting process is an activity that every nonprofit has to undertake to ensure proper financial management.
The year-end accounting process can be challenging for organizations. From compiling documents to supporting the audit, there is a range of tasks that your team will need to accomplish to wrap up the year properly. With the evolving COVID-19 situation that’s impacting organizations, there are also additional accounting considerations that your organization needs to account for and disclose in your financial statements.
'Year-end Nonprofit Accounting in a Covid World' Webinar
This March, we partnered with our friends at Keela on the 'Year-end Nonprofit Accounting in a Covid World' webinar to chat about common reporting challenges faced by nonprofits and what organizations can do to close their year more efficiently.
During the webinar, we dived into:
- Common challenges that not-for-profits face during the year-end process
- Tips on closing the year more efficiently
- Key financial reports to generate for board members
If you missed out on our live webinar session, you can watch the webinar recording on-demand and download the slides below. Enjoy!