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Nonprofit Post Audit Guide

After the audit, the audit committee, executive director, and senior financial staff are responsible for reviewing the draft audit report, asking questions about the auditors’ findings, and evaluating any recommendations before they are presented to the board in the final report.

Client representation “letter to management” aka “management letter” serves to identify areas of …

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Federal Tax Reform Impact on Nonprofits

When the federal tax reform takes full effect, a majority of the people who have itemized their federal tax returns won’t anymore because of the increase in standard deductions.

This has charities worried that donations could decline because those taxpayers won’t be able to get a tax write-off any more for that philanthropy.

Charitable giving …

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Successful Volunteer Management

Engaged volunteers are the life blood of a vibrant nonprofit organization. The majority of nonprofits’ boards are comprised of volunteers. In fact, some nonprofits have no paid staff and are run completely by volunteers. Volunteers are the most loyal supporters of nonprofits in both time and money.

Focusing on the mission and impact of …

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Meet mAccounting’s Technology Solutions Team

Over four years ago, mAccounting made a commitment to test and implement the best in class accounting platform tools. We were already dedicated to maximizing our effectiveness with QuickBooks Online because of constant enhancements and QBO’s cloud-based model. And because QuickBooks Online provides an open architecture model, developers build technology tools that easily …

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New Year, New Habits with Technology Tools

We’re in the second month of the New Year and many of us have already given up on our resolutions. I challenge anyone that deals with bookkeeping tasks such as bill payment and bank and credit card reconciliations to consider the efficiencies associated with technology.

Intuit has been enhancing the QuickBooks Online product as …

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3 Steps to Improving Cash Flow Problems

A smooth cash flow is crucial to any business’s finances, but if you have too much cash going out and not enough coming in, it can be hard to fix. What’s the problem? Not enough revenue? Your operating costs are too high? Those are the obvious first places to look, but if your …

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Ann Vincent | Get to know our Tax Director

Ann Vincent, CPA is the Director of Tax Services at mAccounting. Ann was previously a partner at a traditional tax firm and became intrigued by mAccounting’s non-traditional accounting firm service model. With tax season in full swing, we’d like you to get to know Ann.

Ann grew up in a large family in Southeastern …

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Considering Hiring a Cybersecurity Professional? Here’s What to Look For

With the occurrence of cybercrimes affecting businesses increasing daily, many companies are looking for outside expertise to help them mitigate their risks. If your company has never engaged a cybersecurity professional before, you may be unsure of what to look for. The IRS suggests businesses use the following four steps when evaluating and …

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Tracking Grants for Nonprofits

Grant management is often overlooked and underappreciated. If you are organized in how you approach this area, you will improve the overall grant management process and enhance organizational efficiencies.

Below are a few suggestions that will help you improve your grant process and help you focus your time on other, more impactful activities.

Create a …

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Outsourcing for Nonprofits

With the New Year underway, there’s no better time than now to review processes, technology, and any other administrative areas within your agency that may benefit from a fresh perspective. As your company thrives and grows in the year to come, you may find yourself entertaining the idea of having someone in to …

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