Proper internal controls are essential for all organizations. An important part of ensuring internal controls work effectively is to make sure everyone - including the board, executive director, treasurer, administrator, and other responsible parties - understands their roles and responsibilities when it comes to managing the organization's finances. This includes approving cash receipt and disbursement processes, overseeing expenses, utilizing a budget, and making sure funds are never missing or mismanaged.
The GWSCPA Nonprofit Financial Accountability Task Force is a nation-wide collaborative comprised of members of the accounting and nonprofit communities that seek to strengthen the nonprofit sector in the US by improving financial accountability in the sector through ongoing education initiatives and robust discussion of current topics.
Members of the task force are available for presentations relating to financial accountability issues by contacting us.
Topics in this section have been chosen and arranged to provide guidance in strong financial management to someone who may be considering starting a nonprofit and who otherwise has little or no knowledge of or experience with nonprofits.
There are over 1.5 million nonprofits in the United States today. All of them have had a passionate founder or a group of committed individuals, who saw a need, had the willingness and capacity to get organized, or who wanted to realize their own big dream of doing good and giving back.
