Helen Weeber CPA

Posted in: Articles, Nonprofit

Are Your Nonprofit’s Interim and Year-End Financial Statements at Odds?

Using the cash basis of accounting may make sense for your not-for-profit organization — at least at this stage. Many smaller nonprofits use the cash basis to prepare their financial statements because it’s generally quick, easy and intuitive and can alert them to current cash flow challenges. However, there’s a potential problem with cash basis […]

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Michael Shoffner

Posted in: Articles, Nonprofit

How to Train Your Nonprofit’s Employees to Combat Hackers

Your not-for-profit organization can’t count its cybersecurity program effective unless it properly trains employees. If staffers visit “dangerous” websites, mix work and personal accounts, or can’t recognize a social engineering scheme, they may open the door to hackers. Both new employee training and refresher courses for longtime staffers can protect your organization. Leading Cause of […]

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Helen Weeber CPA

Posted in: Articles, Nonprofit

Should You Reassess Your Nonprofit’s Office Space?

Since the original COVID-19 lockdowns, many not-for-profits have allowed their staffers to work from home — or work a hybrid schedule that puts them onsite only part time. This can leave a lot of office space unused. Depending on your nonprofit’s current lease, it may be more cost-effective to downsize or seriously consider other options. […]

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Helen Weeber CPA

Posted in: Articles, Nonprofit

Nonprofits and Insurance: Getting It Just Right

Whether you’re starting up a not-for-profit organization or your nonprofit has existed for years, you may have questions about insurance. For starters: What kind do you need? How much? Are you required by your state or by grantmakers to carry certain coverage? Much depends on your organization’s size, scope and programming. But your goal should […]

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Helen Weeber CPA

Posted in: Articles, Nonprofit

Keeping in Compliance With Uniform Guidance

If your not-for-profit receives significant federal funds, it may be subject to the Office of Management and Budget’s Administrative Requirements, Cost Principles, and Audit Requirements (Uniform Guidance). And if your nonprofit spends $750,000 or more in federal awards in a fiscal year, it probably requires a single audit — an annual financial statement audit and […]

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