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Nonprofit Accounting Basics
What is GAAP?
GAAP is an acronym for Generally Accepted Accounting Principles. These principles constitute preferred accounting treatment.
One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, responding to, and monitoring fraud risks?” Most times, the response describe
No matter what kind of organization you run, if you use the internet, you are at risk of a cyberattack.
Stepping back once a year to take a high-level assessment of your budget system is both a best practice and a proactive exercise.
