This session will focus on introducing key concepts for new and existing nonprofit leaders. As a former auditor and former nonprofit CFO, Tosha Anderson, CPA (Founder and CEO of The Charity CFO) will share the common pitfalls we see in nonprofit accounting – and how to avoid them. The Charity CFO (www.thecharitycfo.com) now works with over 100 clients on a monthly basis. We will share our best practices and tips for understanding your financial reports. We will also share the key metrics we look for when reviewing the financial position of an organization. Finally, we will share specific information you should be requesting from your accountant on a monthly basis to ensure you are informed and prepared for audits, board inquiries, or donor presentations.
Session Type60 minute session
- Understand basic accounting terms specific to nonprofits
- Understand basic financial reports and key metrics to look for
- Understand common pitfalls nonprofits face with poor accounting and financial management