by acook | Dec 5, 2011 | Nonprofit Financial Reports
A Fixed Asset is created when you purchase or acquire through donation equipment, land, building, vehicles, furniture or other assets that have a useful life of more than one year AND cost more than a certain predetermined dollar amount. A Fixed Asset is most often a...
by acook | Nov 18, 2011 | Nonprofit operations
You may not know this, but we accountant-types think numbers are fascinating! They are interesting and multi-faceted; they tell a story, many stories. It is easy for me and my team of accountant-types to get completely absorbed in our fascination with numbers. The...
by acook | Oct 10, 2011 | Nonprofit Financial Reports
One of the biggest challenges for nonprofit organization is the constant attention that must be paid to cash flow. The contributions, especially grant awards, arrive as a large amount of cash that must be used sparingly over a period of several months until the next...
by acook | Sep 30, 2011 | Nonprofit Financial Reports
The most common mistake I see are cost allocation models happens in how an organization assigns time and effort to Management & General. In particular, I see a lot of organization automatically assign 100% of the Executive Director (ED) to the M&G expense by...
by acook | Sep 23, 2011 | Nonprofit Budget Development
I think there are three basic types of budgets. I’m not talking about whether you use a zero-based budget approach or some other academic method to build your annual budget – all of which are completely legitimate tools. I’m talking about how you position your...
