Industries Archives – All In One Accounting

Industries

How a Nonprofit Board Uses Financial Statements

Posted on February 17, 2021 by admin

For many nonprofit leaders, creating financial statements each month is an arduous task. While there is tremendous value in standard financial statements, sometime the information is not presented in a way that tells the full story of the organization’s financial health. Upon receiving monthly financials, oftentimes, the Board of Directors or Finance Committee have follow-up

Posted in Nonprofit Balance Sheet, Cash Flow, Financial Statments, Functional Expenses, Income Statement, Nonprofit

Building Cash Reserves – Strategy for Nonprofits

Posted on January 21, 2021 by admin

In a recent survey by the Non-Profit Finance Fund, 23% of Minnesota Nonprofits have one month or less of cash on hand. And it is not just a Minnesota problem – 50% stated that they had less than 3 months of available cash. While a common recommendation is that non-profits set aside 3-6 months of

Posted in Nonprofit cash, nonproft, reserves, strategy

Nonprofits: Keeping the wind in their sails

Posted on December 11, 2019 by admin

I think we can all agree that nonprofits do amazing and important work. Their passion for their purpose is the wind in their sails. Not only do they make a significant impact on individuals, families, and communities, they generate billions in annual revenues and employ approximately 13% of Minnesota’s workforce, according to a 2018 Minnesota

Posted in Industries