annual audit
Year end in 3.. 2..
Executive directors are forced into a complicated little dance during a non-profit’s year end. It starts simple enough, making sure all the invoices are sent out, and all the bills are paid. As a non-profit grows, the accounts become a little more complex, and there might be a bill or two that...
Easy Non-Profit Bookkeeping
No one tells a prospective executive director that a big part of running a non-profit is all the accounting. The ED is responsible for recording all the revenue that flows into the organization, all the payments that go out, and to make sure it all balances. No bookkeeper. If a non-profit...
Checklist for an Easier Non-Profit Audit (Because We Aren’t Magic)
Not all non-profits will have an annual audit each year. The legislation for annual financial review will vary from province to province and state to state. Regardless of the complexity of any assessment of a non-profit’s financial records and systems, presenting well organized information is...
When is the Best Year End Date for a Non-Profit
Year end for a non-profit is a busy time. Accounting will need to be wrapped up and the financial files sent off for an audit or financial review. Sometimes it can take several weeks to get all the files tidy and ready to go. Then it can take another few weeks for the auditor to complete the...
3 Thing to Do to Start a New Fiscal Year with Tidy Books and a Clear Budget
We’re into April now and if your non-profit is like mine, the annual audit is complete, and you are well on your way into a new fiscal year. It’s easy to get excited about new programs, and in my area, spring [yay, warmer weather]. But don’t forget about the previous year just yet. Rarely does...
Stale-Dated
Last week we talked about using a spreadsheet to keep track of the accounting for a smaller non-profit. This week let’s talk about a common bookkeeping challenge you might face when working on your non-profit’s accounts, the stale-dated cheque. Regardless of the bookkeeping method you...