This period of the year is a period of reflection and looking back for many people and especially for nonprofits. Especially for those that run year-end donation campaigns, as looking back can be a powerful part of such campaigns. Sharing past impact can help mobilize...
December is for many of us the final month not just of the calendar year but also of the book year, the fiscal year. If you work with finance in your nonprofit, you are focusing on being sure you have all the needed data for closing the book year. So how to go about...
Like you maybe, I am currently in the process of preparing annual accounts for different nonprofits. So, I am fully immersed in excel, accounting software, the fiscal year 2020 and … paperwork. I do admit it’s digital paperwork. But it’s good old-fashioned paperwork:...
With the holidays coming up soon, it is high time to think about your year-end work if you haven’t already. With year-end work I refer to tasks and checks that need to be done in preparation of the closing of the year. The aim of year-end tasks and checks is to make...
Your annual accounts report is not complete without a report of the board. The annual accounts report must contain more than just numbers or short explanations of these numbers as you share in the notes. It needs to include a narrative that provides more insight and...
If you buy equipment that costs more than a certain amount, this equipment becomes a so-called tangible fixed asset on the balance sheet of your annual accounts report. Maybe you wonder what that means and why it might be important? Equipment on your balance sheet The...
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