Many nonprofits are subject to annual audits. Although they can be challenging, they are often required for one or more reasons. A byproduct of that requirement is that audit standards can and do change and those changes can and do impact your organization. This year is no different. A new “Statement on Auditing Standards (SAS)”…
Employee Spotlight is a blog series meant to offer an inside look at our company culture and, most importantly, highlight the talented individuals who help make our company so special. From accountants and software implementation specialists to operations, marketing, and HR professionals, get to know the people behind Chazin & Company. Today, we are getting…
Leaders of nonprofits that are just getting started, or are relatively small, are generally focused on getting their organization up and running, raising money, and delivering on their mission. That’s to be expected. Properly tracking the financial activity of the nonprofit, and installing best practices, does not tend to receive the attention it deserves early on. There are accounting rules that…
Employee Spotlight is a blog series meant to offer an inside look at our company culture and, most importantly, highlight the talented individuals who help make our company so special. From accountants and software implementation specialists to operations, marketing, and HR professionals, get to know the people behind Chazin & Company. Today, we are getting…
IRS Form 990 is more than just a tax form that many nonprofits must file every year. It’s an opportunity to demonstrate to the IRS, as well as to current and potential stakeholders, that your organization is well-run and financially sustainable. It is also an opportunity to showcase key mission-centric programs. IRS Form 990 can…
Employee Spotlight is a blog series meant to offer an inside look at our company culture and, most importantly, highlight the talented individuals who help make our company so special. From accountants and software implementation specialists to operations, marketing, and HR professionals, get to know the people behind Chazin & Company. Today, we are getting…
Are you a for-profit accountant looking to put your skills to use for a favorite nonprofit cause? Then becoming a nonprofit treasurer might be a great fit for you and for the nonprofit. The treasurer position is a leadership role on a nonprofit’s Board of Directors. Board members have fiduciary duties such as overseeing the organization’s…
One of the most important duties as a member of a nonprofit’s Board of Directors is the stewardship of the organization’s financial resources. Board members play a pivotal role in monitoring the financial health of the organization. In fact, it is the fiduciary responsibility of the Board to do so. One of the ways the Board achieves this is by regularly reviewing several different financial reports. These financial documents…
Employee Spotlight is a blog series meant to offer an inside look at our company culture and, most importantly, highlight the talented individuals who help make our company so special. From accountants and software implementation specialists to operations, marketing, and HR professionals, get to know the people behind Chazin & Company. Today, we are getting…
If you work in the accounting and finance department of a nonprofit organization, you will likely be required to prepare and present financial reports to members of leadership or other stakeholders in your organization. While this may seem overwhelming, there are steps you can take to ensure you present financial reports effectively and confidently. This…