Cash Flows, Explained
Cash flow is the amount of money coming in and going out of your business, but there’s more to it than that. More money coming in than going out is a positive cash flow, but that doesn’t mean you’re profitable.
Tips for a Successful Nonprofit Audit
Preparing for your not-for-profit audit might seem daunting. Here are a few tips you can use to help the process go smoothly.
Protect Your Sensitive Information
The beginning of a new year is often a time that people review their financial situations. Tax returns are due, year-end statements come in the mail, and a lot of individuals make financial goals as part of their New Year’s resolutions. As you’re taking stock, consider these simple ways to protect your sensitive personal information.
Tips for a Successful Nonprofit Audit
Preparing for your not-for-profit audit might seem daunting. Here are a few tips you can use to help the process go smoothly.
COVID-19’s Lasting Effects on Nonprofits – Audit and Tax Issues
The pandemic may have also affected the operation of internal controls at your organization. For example, if staff members were laid off or terminated, controls designed for segregation of duties may not have operated effectively. Likewise, increased health and financial insecurity may have increased the motivation of some individuals to commit fraud.