The ledgers are alive… with mistakes! Unmask the monsters haunting nonprofit accounting and use this Nonprofit’s Guide to Spooky Finances to vanquish them….
Buried in the Books: A Nonprofit’s Guide to Spooky Finances
Tag: Nonprofit Accounting
What Nonprofits Need to Know About Restricted Funds
Why clear reporting, and clear rules, are the key to keeping donor trust. Managing restricted funds is one of the most challenging accounting tasks nonprofit organizations face, even those with strong financial practices. We’ve seen it happen: A donor restriction overlooked in a spreadsheet can trigger a last-minute scramble at year-end, resulting in audit adjustments…
AI in Accounting: Embrace the Benefits, Beware the Buzz
Why smart nonprofits (and their accountants) use AI where it helps, and not where it doesn’t The AI Wave Is Here … But Not Every Tool Is a Lifesaver There’s no denying that AI is making waves across every industry, including accounting. From flashy award wins to promises of fully automated processes, the pressure to…
Supporting Philanthropy in the Spotlight: Accounting for Celebrity and High-Profile Foundations
High-profile foundations (especially those associated with celebrities and public figures) bring a unique blend of influence and responsibility to the philanthropic world. With wide reach and media attention, these organizations are well-positioned to make an outsized impact. But with fame comes additional layers of risk: increased scrutiny, public pressure, and a relentless spotlight that rarely…
Chazin Leadership Retreat Recap 2025
This May, our leadership team headed to Cleveland, Ohio, for a few energizing days of connection, collaboration, and a boost of team spirit. As a remote-first team, we don’t take face time for granted, so when we do get together, we make it count. From deep dives into strategy to deep belly laughs over dinner,…
The Difference Is in the Details: How NFP SmartStart Stands Apart
At Chazin, we know that early-stage nonprofits face a unique set of challenges and that they need more than just outsourced accounting. That’s why we created NFP SmartStart, a specialized offering designed for newly founded organizations or those operating with budgets under $500K annually. NFP SmartStart is an all-in-one solution tailored for emerging nonprofits that…
The Power of Financial Transparency
In a world where trust and accountability are paramount, nonprofits find themselves facing a unique challenge. They must establish credibility and build relationships with donors, supporters, and the public, all while navigating the complex terrain of financial management. One key strategy that can help these organizations thrive is financial transparency. In this concluding piece of…
The Top 11 Financial Mistakes Nonprofits Make (and What to Do Instead)
Navigating the financial landscape of a nonprofit can be tricky, which is why smart financial decisions are crucial to achieving your mission. Unfortunately, some pitfalls can derail even the most well-intentioned organizations. Let’s walk through some of them and more importantly, address how to avoid them. 1. Relying Too Heavily on One Source of Funding…
More Than Just Taxes: Why Nonprofits Need to File Returns
In the realm of nonprofit organizations, the annual “tax” return requirement might raise questions, especially when tax-exempt status is in place. This piece of our series, “Stepping Stones: Paving the Path to Nonprofit Financial Success,” delves into the pivotal role of filing tax returns and highlights key motivations for nonprofits to engage in this practice….
The Vital Role of Transaction Tracking
For small and burgeoning nonprofit organizations, establishing a rigorous system for tracking financial transactions is a critical step in fostering fiscal responsibility. By consistently monitoring financial activities and implementing effective financial management practices, you not only demonstrate your commitment to your mission but also ensure efficient use of resources. In this article, part of our…
