financial review

25 Nonprofit Financial Reports to Know

The Volunteer Treasurer’s Guide to Nonprofit Financial Reports

What, Why and When to Use 25 Different Nonprofit Reports Managing finances for a volunteer-run nonprofit can feel overwhelming at times—especially when you open your accounting software to find a long list of unfamiliar reports. What’s the difference between a Balance Sheet and an Income Statement? When should you use a Reconciliation Report? Do you…

Prepare for a Nonprofit Audit

How to Prepare for Your Nonprofit Group’s Audit

Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m Cyndi Meuchel, and today we’re talking about how to prepare for your audit. Ideally, you will have been preparing for your group’s audit, or sometimes it’s called a financial review, all year long by tracking transactions, reconciling your bank accounts, and basically keeping your paperwork organized. If…

Giving a Treasurer Report

What is the Role of a Treasurer?

The treasurer of a nonprofit organization is usually appointed by the other members of that organization’s board. The role of treasurer is arguably one of the most important board positions in a nonprofit organization. After all, without someone carefully watching the finances and budgets, the organization has a higher chance of failing to meet its objectives.

Club Treasurer Monthly Audit

Should Club Treasurers do a Monthly Audit, an Annual Audit, or Both?

Following is a transcript from this episode of MoneyMinder’s Two Minute Treasurer’s Tip Podcast. Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m Cyndi Meuchel, and today we’re talking about monthly versus annual audits. Do club treasurers need to do both? You’re likely familiar with the idea of holding an annual audit – that’s where you…

treasurer on the audit committee

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…

nonprofit audit

Be Prepared with this Nonprofit Audit Checklist for Parent Groups, Teams, Scouts and More

Why Perform an Audit? The annual audit: does the very thought of it make you cringe? While some may consider this task to be a burden, look on the bright side. An audit brings credibility to your organization. The board and membership will be reassured that the financial affairs of the organization are being accurately…

Treasurer's Tip Podcast

Mini Audits: What They Are and How to Conduct One

Following is a transcript of this podcast episode, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I am your host, Cyndi Meuchel. I happen to be the Co-Owner of MoneyMinder, where our goal is to make your life as a volunteer super easy. Today I’m answering the following question: What’s a “Mini Audit”…

baseball1

Beyond Drills: Managing Little League Dues & Finances

Little league administration can be a challenge, here are a few tips to make finances and due collection easier.

PTO Audit

See Strength In Numbers: The Annual PTA or PTO Audit

The annual PTA/PTO financial review (aka audit) is something that often strikes fear into the hearts of many Treasurers and committee members.  Many consider this mandatory task a tiresome burden at best or a complete nightmare at worst; but it doesn’t have to be that way. DEVELOP A NETWORK Utilize your local PTA/PTO community to streamline…

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Nonprofit Audit Guidelines

Get Started With Non-Profit Your Financial Review or Audit If you do not have a national organization that provides you with Audit guidelines, here are some ideas on how to get started: