Outsourced Accounting | Chazin & Company

The Role of Accounting in Nonprofit Investment Strategy: What We Can and Can’t Do

Posted on November 6, 2024 by Haley Neitzel

Whether building endowments, funding specific projects, or growing reserves, investments can significantly impact a nonprofit’s financial health. However, managing these investments requires careful coordination between accountants, investment advisors, and investment committees. Sometimes it can be tricky to keep this all straight, so let’s explore the distinct roles of nonprofit accountants and investment advisors in investment…

Understanding Your Fiduciary Responsibility: Protecting Your Nonprofit and Its Mission

Posted on October 8, 2024 by Haley Neitzel

Being a fiduciary is one of the most critical roles a nonprofit leader can undertake. Unfortunately, it’s not always easy to understand. Whether you’re a board member, executive director, or another nonprofit decision maker, you may have found yourself unsure about what this role entails. You’re not alone; many nonprofit leaders feel the same way….

Key Audit Challenges and Solutions for your Midsize to Large Nonprofit

Posted on August 26, 2024 by Haley Neitzel

Audits can be a daunting process for any organization, but medium-sized nonprofits face unique challenges. Ensuring financial integrity and transparency is crucial, not only for compliance but also for maintaining donor trust and securing future funding. At Chazin & Company, our extensive experience with nonprofits of various sizes has allowed us to identify common pain…

Nonprofit Accounting: How to Navigate the Basics and Beyond

Posted on August 13, 2024 by Liza Gagne

Nonprofit accounting is essential to your organization’s financial management and stability. Learn everything you need to know about it in this guide….

Streamlining Audits with PBC Checklists: What You Need to Know

Posted on February 28, 2024 by Haley Neitzel

If you are approaching an annual audit or if you’ve had an annual audit, you’ve likely encountered the term “PBC.” But what exactly does it entail? To truly grasp the significance of an audit, it’s essential to redefine its purpose. Many organizations perceive audits solely as a means to generate financial statements. It’s not uncommon…

Crafting an Effective Operating Reserve Policy: 5 Essential Guidelines

Posted on January 31, 2024 by Haley Neitzel

For nonprofits, it is essential to sustain a consistent cash flow to fulfill obligations. Establishing an operating reserve serves as a strategic measure, offering a safety net against unforeseen events that could temporarily impact cash flow. Here are five key practices to consider when developing your operating reserve policy, ensuring its effectiveness and availability when…

Top 3 Resolutions Every Nonprofit Should Make This Year

Posted on January 17, 2024 by Haley Neitzel

As we welcome a new year, nonprofits are presented with an opportunity to reflect and set meaningful resolutions. These resolutions go beyond personal aspirations; they will fortify your organization. This year let’s focus on three critical areas that every nonprofit should prioritize for a stronger, more accountable, and transparent financial future. Resolution #1: Implement Robust…

Preparing Nonprofits for 2024: Navigating the Unique Landscape of Nonprofit Accounting

Posted on December 21, 2023 by Haley Neitzel

Understanding nonprofit accounting is essential for anyone operating within the nonprofit sector, and staying prepared for the challenges of 2024 requires a keen awareness of the distinctive features that set it apart from for-profit businesses. Contrary to common assumptions, nonprofit accounting is far from simple and straightforward. One key difference is that most nonprofits operate…

Maximizing Efficiency and Impact: When Outsourcing Nonprofit Accounting Makes Perfect Sense

Posted on October 18, 2023 by Haley Neitzel

Running a nonprofit organization comes with unique challenges that demand impeccable financial management. From budgeting and grant reporting to compliance and stakeholder stewardship, managing the financial side of a nonprofit can be a daunting task. While many nonprofits rely on internal accounting staff to handle these responsibilities, there are instances when supplementing them with outsourced…

3 Reasons to Consider Outsourced Accounting for Your Nonprofit

Posted on May 22, 2023 by Haley Neitzel

As the pace of change continues to accelerate, nonprofits are finding new and creative ways to keep up. Today’s leading nonprofits are perfecting the art of virtual fundraising and volunteering. They’re implementing fresh social media strategies. They’re creating innovative donor retention programs. And they’re driving their missions forward despite myriad ongoing global challenges. It’s a…

Category: Outsourced Accounting

The Role of Accounting in Nonprofit Investment Strategy: What We Can and Can’t Do

Understanding Your Fiduciary Responsibility: Protecting Your Nonprofit and Its Mission

Key Audit Challenges and Solutions for your Midsize to Large Nonprofit

Nonprofit Accounting: How to Navigate the Basics and Beyond

Streamlining Audits with PBC Checklists: What You Need to Know

Crafting an Effective Operating Reserve Policy: 5 Essential Guidelines

Top 3 Resolutions Every Nonprofit Should Make This Year

Preparing Nonprofits for 2024: Navigating the Unique Landscape of Nonprofit Accounting

Maximizing Efficiency and Impact: When Outsourcing Nonprofit Accounting Makes Perfect Sense

3 Reasons to Consider Outsourced Accounting for Your Nonprofit

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