by CL Davidson | Apr 18, 2023 | Behind the Q
How to Utilize Donor-Restricted and Unrestricted Funds Effectively Understanding your nonprofit’s net assets equates to understanding your organization’s ability to survive and thrive. Net assets are the value of what the organization owns (assets) minus...
by CL Davidson | Mar 19, 2023 | Behind the Q
Mastering Nonprofit School Finance: Tackling the Top 4 Challenges Head-On ..Financial management for nonprofit schools is often tricky, but it doesn’t have to be. The four top challenges to be aware of are endowments, fundraising, audits, and strategic planning....
by CL Davidson | Feb 27, 2023 | Behind the Q
Keeping Your Public Charity Status is a Breeze If you follow our blog, you may have seen our recent article about the pros and cons of public charities and private foundations (and how to decide which is best for your nonprofit.) Most founders concentrate on obtaining...
by CL Davidson | Jan 24, 2023 | Behind the Q
Starting a Nonprofit? Pros and Cons: Public Charity vs. Private Foundation? If you are thinking about starting a nonprofit organization, setting it up correctly right from the start will make life easier for you and your team in the long run. First, you must determine...
by CL Davidson | Dec 12, 2022 | Behind the Q
Nonprofit Accounting Year-End Checklist As this year draws to a close, most people are dreaming about festive holidays and new year celebrations. However, the term “year-end” may harbor some anxiety for those in the nonprofit industry. There are seemingly...
by CL Davidson | Nov 7, 2022 | Behind the Q
Nonprofit Employee Holiday Bonuses: Don’t be a Scrooge As the year winds down and the holidays approach, it’s time to consider paying your nonprofit staff a bonus. The employees of your organization have worked hard, often for less than they’re worth, so a...
by CL Davidson | Oct 10, 2022 | Behind the Q
Nonprofit Gift Acceptance Policies: Your FAQs Answered Today, gifts given to nonprofits come in various forms. They could be cash, securities, real estate, timeshares, art, or perhaps something more unconventional, like cryptocurrency donations. No matter what it is,...
by CL Davidson | Sep 20, 2022 | Behind the Q
The Nonprofit Accounting Cycle: 8 Steps You Should Know Whether you perform bookkeeping in the nonprofit or for-profit world, knowledge of the accounting cycle is a crucial asset. It helps paint a clear picture of your organization’s financial health. But, what...
by CL Davidson | Aug 23, 2022 | Behind the Q
Month-End Close: 3 Best Practices for Speedy Success How long does it take to complete your nonprofit’s month-end close? According to a survey by Sage, about two-thirds of small to mid-sized businesses close their books in 15 days or less. However, 26% of those...
by CL Davidson | Jul 20, 2022 | Behind the Q
Will Your Nonprofit Face a First-Time Single Audit? Pandemic Funding: Nonprofits Facing First-Time Single Audits Did your nonprofit receive any type of stimulus funding from the federal government during the pandemic? If so, your organization may be subject to an...