Tag Non Profit

For small businesses and non-profits, financial management is crucial for success. One of the most important decisions you’ll face is whether to manage your accounting and bookkeeping in-house or to outsource it to a professional service. Both options have their…

For non-profit organizations, grants and contracts are often lifelines that enable the fulfillment of their mission. However, managing these funds comes with the critical responsibility of ensuring that every dollar is tracked and reported accurately. Proper project expense tracking is…

Audits can seem intimidating for non-profits, but with the right preparation, they don’t have to be. Whether your organization is undergoing a financial audit for compliance or to meet grant requirements, the process can run smoothly with proper planning and…

If you’re a non-profit manager or small business owner without an accounting background, reviewing financial statements can feel like trying to decipher a foreign language. However, understanding these key financial documents is crucial for managing your organization’s finances effectively, making…

Running a non-profit organization in Canada comes with a unique set of responsibilities, especially when it comes to maintaining compliance with the Canada Revenue Agency (CRA). Non-profits are held to strict reporting standards that ensure transparency and accountability in their…