Category: Articles

Is Your Financial Data Supported by Efficient and Effective Financial Operations? By Roberta Katz September 3, 2026 Your organization’s financial data is only as reliable and accurate as the operating procedures it follows to gather, process and record the data. Financial statements, budgets, forecasts, and strategic plans all depend on the quality of the data…

How to Optimize Your Nonprofit’s Chart of Accounts By Roberta Katz August 3, 2026 A Chart of Accounts is a structured list of accounts used to classify financial transactions into meaningful categories. It is the foundation of an organization’s accounting system. A typical Chart of Accounts is divided into five categories: assets, liabilities, net assets,…

The Critical Role of Supporting Documentation in Expense Management By Roberta Katz June 9, 2026 Expense management is the process used for submission, review, approval, payment and analysis of expenses. Maintaining complete, accurate, and accessible supporting documentation is essential for demonstrating compliance with applicable laws and regulations, supporting financial transactions and informed decision-making, and ensuring…

It’s Time to Update Your Nonprofit’s Accounting Policies and Procedures Manual By Roberta Katz March 3, 2026 Accounting policies and procedures are fundamental elements of a strong financial management system. Updating these policies and procedures and documenting them in an Accounting Policies and Procedures Manual is essential. Providing this manual to all relevant staff members…

Critical Steps for Effective Technology Implementation By Roberta Katz February 10, 2026 Implementing new technology offers your nonprofit’s finance department the opportunity to operate with greater efficiency and effectiveness. However, to fully realize these benefits, it is crucial to establish and adhere to a formal process before moving forward with implementation. Skipping these essential steps…