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Nonprofit Accounting Basics
Weathering the storm of major disruptions financial disruptions is a challenge for all organizations.
Myth: “It doesn’t matter how I get the money in the door as long as I spend it on charitable activities.”
The definition of a key employee includes a three part test. To be a current key employee all three tests must be met:
The $150,000 Test
Ensuring that the appropriate individuals are reviewing key contracts is essential to identifying, quantifying, and, if necessary, reporting financial liabilities in a timely manner.
Even the most sophisticated organization can be the target of an online attack scheme known as spear phishing.