What Your Nonprofit Should Do About Your Accounting

Written By Sean Hale

I got to join Stephen Halasnik on the Nonprofit MBA podcast the other day. We covered all sorts of topics related to nonprofit accounting, including:

  • Why it’s important to find an accountant with nonprofit experience

  • Allowable costs on grants

  • Restricted revenue

  • Federal grants and Single Audits

  • Record keeping in smaller versus larger nonprofits

  • Finding the right accounting software

  • The most common kinds of projects that Nonprofit CFOs works on

  • Succession planning for Executive Directors and Financial leaders

  • Why your finance and accounting staff must take vacations

  • Fraud prevention

  • The role of Fractional CFOs

And here’s the press release for the podcast!

It is common knowledge that effective accounting practices are essential for the success and sustainability of your nonprofit organization. By adopting these key steps, you can help ensure that your nonprofit's finances are managed responsibly and transparently, allowing you to focus on advancing your mission and serving your community. In today's podcast, Sean Hale Nonprofit CFOs, and Stephen Halasnik from Financing Solutions, a leading provider of business loans for nonprofits, discuss what your organization should do about accounting.

Read an Executive Summary or Listen to the Podcast HERE: What Your Nonprofit Should Do About Your Accounting

About Our Guest, Sean Hale From Nonprofit CFOs

Sean has served a variety of nonprofits professionally since 1999. During his 20 years as a nonprofit employee, he made improvements that reduced waste, generated new revenue, boosted staff productivity and morale, grew financial transparency, and shrank risk. In 2020, he founded Nonprofit CFOs, a 12-person team that helps small and medium-sized nonprofits ensure they have strong, effective financial management.

About Stephen Halasnik, The Nonprofit MBA Podcast, and Financing Solutions

Stephen Halasnik co-founded Financing Solutions, the leading provider of lines of credit for nonprofits and church financing. The credit line program for nonprofits & churches is fast, easy, inexpensive, and costs nothing to set up, making it a great backup plan when cash flow is temporarily down. Mr. Halasnik is also the host of the popular Nonprofit MBA Podcast. The podcast brings experts to discuss fundraising, nonprofit grants, executive director leadership, nonprofit boards, and other important topics. You can learn more about the nonprofit line of credit program here or call 862-207-4118.

Sean Hale
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