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Not every nonprofit needs an audit. In some cases, an alternative option, such as an internal control consultation or compilation of financial statements, may be the better solution. In this article, Abdo partner and nonprofit advisor Hannah Hugen sheds light on the benefits and limitations of an audit—and how to choose the right service for your nonprofit.
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Nonprofits do important work that strengthens communities and changes lives. But to carry out its mission, a nonprofit must have a strong accounting foundation—and this is where accrual accounting plays a key role. In this article, Abdo manager and nonprofit advisor Nathan Maack spotlights how accrual accounting works, why it’s required for some nonprofits, and how organizations of all sizes can benefit from it.
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Join us for an insightful session exploring the dynamic journey of an executive director who transformed audit challenges into opportunities for growth and learning. This session will delve into practical strategies for managing audit pressures, enhancing organizational compliance, and leveraging these experiences to succeed in future compliance requirements.
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This webinar explains why Arizona nonprofits need to move beyond cash accounting and adopt accrual accounting to truly understand their financial health, plan for growth, and meet funding and audit requirements. Designed for executive directors, board treasurers, and finance managers, it offers a clear, jargon-free roadmap to matching revenues and expenses to the periods they occur for more accurate budgeting and reporting.
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This session is designed to give nonprofit leaders the confidence to talk about fraud risk openly. We’ll walk through where vulnerabilities actually show up, how internal controls work in the real world (not just in theory), and what practical steps you can take to protect your organization.
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Over 500 nonprofit leaders attended this year’s Minnesota Council of Nonprofits Finance Conference, held with Propel Nonprofits, to address financial stability, board engagement, audit readiness, compliance, and year-end planning. Our team valued connecting with peers, sharing insights, and supporting nonprofit success. Read our full conference recap here.
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In this article, Joe Wallis explains the challenges nonprofit organizations are facing right now and the unique opportunity CPAs have to step up in their communities.
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Maximizing on DAF gifts is a largely untapped fundraising opportunity for many nonprofits. In this article, Abdo Partner Steve Anseth, shares 5 tips for nonprofit leaders to better position their organization to receive DAF gifts.
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In this Q&A, Abdo partners Darin Styles, CFE, and Joe Wallis share practical steps leaders can take to prevent fraud, strengthen trust, and keep the focus where it belongs: on mission and community.
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In this article, Abdo senior manager and nonprofit advisor Doris Hotz sheds light on three ways to diversify your nonprofit’s revenue streams.
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