audit RSS

audit, church, churches, inventory, nonprofit, nonprofits -

For many nonprofits, it is time to close the books for the year and humor the auditors. Don't you hate those adjusting entries for things you knew you should have caught before the auditors arrived. One of the easiest ways to catch these items is to print out your Statement of Financial Position (Balance Sheet) and look at the support for each of the items on it. For each cash account, look at the bank reconciliation and tie it to the balance on the Balance Sheet. While you have them out, take the time to look for checks that haven't...

Read more