Tag: transparency

Latest Posts From Tag: transparency

Nonprofit

How to Handle Grants

Requests for transparency and accountability keep growing with the demands that contributions be used as intended. You need to track and report on segregated accounts, treating funds as separate entities with their own general ledgers. More than 20 years ago,

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Nonprofit

Nonprofit Audit Compliance: What You Need to Know

The Internal Revenue Service (IRS) doesn’t require nonprofits to have independent audits, but that doesn’t mean your nonprofit never needs an audit. Some federal, state, and local government agencies require audits, as do some banks and foundations. Generally, the requirements

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