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Getting started
Starting your nonprofit organization can be full of heady excitement – composing your mission statement, picking your founding directors, receiving a charter donation or two. But sooner or later – sooner if you’re lucky – some killjoy will say “You’d better get your books set up.” And you’ll naturally ask “What does that mean?”
Your “books” are the master record of the money you receive and the money you spend, together with the details that let you run your agency: names and addresses of donors, vendors, granters, and employees; amounts of accrued expenses, like paid time off earned and not used, liability insurance contracted for, and future commitments for membership services; and amounts receivable, such as pledges and other promises to give. And don’t forget to allocate payroll expenses and direct and indirect expenses, and lease amortizations and fixed asset acquisition and depreciation, and, and, and – whew!
Crosby & Kaneda can help you. We’ll read your mission statement, by-laws and articles of incorporation, look over your funding proposals and awards, interview your management staff, and provide you with |