Blog
Tag: Financial Reports
Understanding Nonprofit Reports & Reporting Best Practices
At any nonprofit organization reporting tells the story of what is happening and why. But reports are not simply a snapshot of where the organization…
4.5 Presentation Tips for CFOs: Delivering Excellence
As a CFO you live in the numbers. And like Neo in The Matrix, who can see falling green lines of computer code and read…
Understanding Nonprofit Functional Expense Allocation
Nonprofit organizations are required to report functional expenses either in footnotes, the Statement of Activities (SOA), or a separate Statement of Functional Expenses (SOFE). The…
Financial Projections for Startups: A How-To Guide
Financial projections are a critical component of a sound business plan. These projections (or “financial forecasts”) are used externally to obtain funding as well as…
Which Financial Statements are Required to Get Funding?
Lenders and investors will always ask for financial statements as part of the application process. When applying for funding, you will be required to provide…
Understanding New Revenue Recognition Guidelines for Nonprofits
For many nonprofit organizations, revenue recognition is one of the most challenging accounting issues they encounter. The guidelines governing the recognition and classification of revenue…
The Cash Flow Statement: The Forgotten Financial Statement
The Perks of Being Royalty One of the best things about being the sole owner of a privately held company is that you have a…
Key Financial Processes Questions and Answers
In the early days of your business, you might have managed your books single handedly or hired an outside accountant to take a peek at…
A Business Owner’s Perspective on Financial Statements
Don’t ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.” – Tilman J. Fertitta When…
Critical Information Financial Assessments Should Deliver to Business Leaders
Most small to medium-sized companies are owned and run by business leaders who are highly skilled in some key aspect of their business – such…