Chazin & Company is pleased to announce that it has recently earned two awards from ClearlyRated – Best of Accounting Client Satisfaction 2022 and Best of Accounting Employee Satisfaction 2022. Many thanks to our clients and employees for taking the time to complete your satisfaction survey. Your honest feedback is appreciated and will help us…
Tag: Nonprofit Accounting
[Announcement] Introducing Counting On Chazin
We’ve partnered with the American Nonprofit Academy to create this one-of-a-kind video and podcast series exclusively for nonprofits. Each episode features nonprofit accounting experts discussing some of the most important accounting and finance topics today. Click below and get started! PLAY NOW…
Why Numbers Matter to a Nonprofit Board
For Nonprofit Boards, Numbers Are a Necessity As a Board member for a nonprofit organization, you’re expected to attend Board meetings, monitor fundraising and management, digest reports, and help the organization determine its strategic direction. You’re also expected—and, indeed, compelled by law—to oversee the organization’s finances as part of the fiduciary responsibility of a Board. …
[Case Study] Parish Drives 22% Increase in Donations with Sage Intacct
After falling behind on annual audits, St. Columba’s recognized it was time to make a change and brought in a team from Chazin. The Sage Intacct Accountants Program partner conducted a full assessment of St. Columba’s financial operations and recommended specific next steps to revamp the Church’s processes. Chazin streamlined the Church’s chart of accounts,…
The Chazin Way
How can an accounting partner help your nonprofit overcome common challenges? The world of nonprofits is comprised of many different types of organizations. All 501c organizations face challenges that are unique to the nonprofit sector. One thing that all nonprofits have in common is the need for high-level accounting and financial oversight. Not having your…
LIVE Workshop with the Episcopal Parish Network
In a hectic world, church leaders are seeking ways to maximize efficiencies while maintaining top-level results (including finance and accounting processes). The emerging post-COVID world, finds many churches facing stretched resources – both fiscal and physical. Many lay and clergy leaders are exploring engaging outside expertise to handle accounting and finance functions, realizing the cost-savings…
3 Keys to Being Prepared for Your Next Nonprofit Audit
For many nonprofits, going through an annual audit is like undergoing a root canal—it’s a painful, stressful, and expensive experience. The good news is that it doesn’t have to be that way (the audit, that is.) Through advance planning, organization, and knowledge of the audit requirements, nonprofits can embark on their annual audit with ease and…
Is Cash or Accrual Accounting Better for Your Nonprofit?
One of the fundamental decisions a nonprofit organization needs to make is whether to use the cash or accrual accounting method. The method you select will determine how you classify, record, and report on your income and expenses. What is the cash method of accounting? Under the cash method of accounting (cash-basis accounting), revenue is…
5 Outsourced Accounting Myths
If you’re running a nonprofit, odds are you’ve considered outsourcing all or a part of your accounting and finance function. That makes perfect sense. Outsourcing is a cost-effective way to access expert nonprofit accounting and finance resources and create a high functioning accounting and finance department. One of the common myths listed below, however, may…
Cryptocurrency. Should Your Organization Accept It?
What is cryptocurrency? Simply put, it’s money that’s not in a physical form, otherwise known as digital money. Nonetheless, it shares some of the same characteristics of paper money in that it can be earned, used, and invested. Why should you care? According to Gemini’s 2021 State of U. S. Crypto Report, 21.2 million adults…