Nonprofit GENIE's List of FAQs on Financial Management

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Website (URL): http://search.genie.org/genie/ans_result.lasso?cat=Financial+Management

- What are the elements of an accounting system?
- What are the differences between nonprofit and for-profit accounting?
- How do we develop functional expense classifications?
- How can we allocate indirect costs to programs?
- What is the difference between Cash-Basis and Accrual-Basis Accounting?
- What should our Chart of Accounts include?
- What is Depreciation?
- What is the Unrelated Business Income Tax?
- What accounting software package should we buy?
- What is an audit?
- Should we get an audit?
- What is an A-133 Audit?
- How do we prepare for an audit?
- What is tax deductible for membership dues, special events, and other fundraisers?
- What information are we required to provide to individual donors?
- How do we account for pledges?
- How should we invest our short-term cash balances?
- What is the board's responsibility in investment?
- What is cash flow and how should we manage it?
- How much cash should we hold in reserve?
- What are the differences between nonprofit and for-profit accounting?
- What internal controls are needed for cash disbursements?
- What is petty cash and how should we handle it?
- What internal controls are needed for payroll?
- What is an internal accounting control system and how can we make ours effective?
- What financial statements are nonprofits required to issue?
- What financial reports do management and the board need?
- How do we interpret our financial statements?
- Is there a way to just show a figure for "net fundraising events" rather than listing each event under both income and expense?