We continue to share resources and support for nonprofits impacted by Hurricane Helene who are both recovering and serving the needs of their communities across western NC. Resources for Nonprofits + How to Help
Last updated 9/17/2020
Jaime Campbell, CPA, Tier One Services, LLC
Auditing is an information service. As such, many forward-thinking auditors have already been working virtually for years, as evidenced by their vacation photos posted on Facebook while they were conducting “analytical procedures” from their laptops, which they bring with them everywhere, including the bathroom.
Jaime Campbell, Tier One Services, LLC and Mig Murphy Sistrom, Mig Murphy Sistrom, CPA, PC
We are both CPAs and accounting firm owners, committed to serving the nonprofit sector. We welcome this opportunity to share our observations and advice on how the pandemic has affected the accounting work of nonprofits. Since we are both committed to centering racial equity in our work, we have applied an equity lens to these topics.
Do your responsibilities include accounting or fundraising (also known as development or fund development) for your nonprofit? Do you supervise the development and accounting work? These are two critical functions and successful collaboration between them is essential to every nonprofit’s success.
Financial ratios are an established tool for businesses and nonprofits to understand an organization’s financial situation and help leaders identify strengths and weaknesses in financial condition. This tool provides calculation of 14 ratios, including a mix of balance sheet and income statement ratios. (Propel Nonprofits)
A sample RFP for audit services that you can adapt for your organization.
This signature authority policy serves as a sample of the permission to execute transactions established by relevant policies and permission to approve transactions for execution.