A nonprofit can show strong revenue on its financial statements and still find itself watching the bank balance closely. One reason is often hiding in plain sight: accounts receivable. Suppose your organization has $250,000 in pledges, grants, reimbursements, and other receivables on the books. That sounds encouraging—and it may be. But it doesn’t necessarily mean […]

I’m Afraid a Cleanup, Audit, or 990 Review Will Uncover Mistakes We Should Have Caught Months Ago The fear of finding a mistake can sometimes become a bigger problem than the mistake itself. There’s a particular kind of hesitation that comes up when a nonprofit knows its books need a closer look. The audit is […]