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 | 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 20, 2011 | Nonprofit Financial Reports
If your financial reports could talk, I believe they would ask three key questions: What is your story? Given that you are a public charity, if someone picks up your financial report, what story is being told? Can the financial reports be presented in a way that...
