Nonprofit Accounting Basics

Can the Treasurer Serve on the Audit Committee?
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel and today’s topic is the annual audit, sometimes referred to as a financial review. Elija writes: I’m the treasurer of my PTA and am…

How to Know When It’s Time to Update Your Nonprofit Bylaws
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder. Let’s talk bylaws today. Jim writes: Our bylaws prohibit our group from having a credit card or debit card. A lot of…

How to Select a Good Bank or Credit Union for Your Small Group or Nonprofit
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel. Today we’re going to talk about selecting an ideal bank or credit union for your group, keeping in mind, not all financial institutions are…

Bad Checks: What if Your Nonprofit Receives an NSF Check?
When your small nonprofit receives an NSF (Non-Sufficient Funds) Check, it can not only be an inconvenience to deal with, but it can potentially disrupt your budget. Let’s explore how nonprofits can effectively handle NSF checks and minimize the impact on financial stability. What is an NSF Check? Sometimes referred to as a “bounced” or…

Do You Need to Change Your Financial Year Start Date?
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder. If the idea of changing your financial year has crossed your mind, you’re going to want to keep listening. Thomas asks: We…

How to Manage Unused Gift Cards that Have Been Donated to Your Organization
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder, where we’re hoping to make your life as a volunteer way easier. Kayleigh writes: During our last meeting, someone suggested…

Making Adjustments Mid-Year Based on a Budget Analysis
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel. Let’s talk budgets! JoAnne writes: We are approaching mid-year, and so far, we have done really well with fundraising. So well that we want…

Running a Successful Raffle Ticket Fundraiser
The very first raffle is believed to have been held in 15th Century Italy. The game was popularized in England in the 1700’s, and it is still widely popular today. One of the ways in which you may have experienced a raffle is via a raffle ticket fundraiser in support of a nonprofit or club…

Navigating HOA Dues Increases
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel, and we’re talking HOA reserves today. Ed writes: I feel my HOA needs to conduct a reserve study, but homeowners are concerned thatif we…