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Non-Profit Accounting & Reporting

Non-Profit Accounting & Reporting. Presented by Ali Asghar, CPA www.aliandcompany.com. Stable Accounting & Financial Reports. Clear & Simple Accounting Clear Annual Reports Reducing Costs Getting into For-Profit & Not-For Profit Investments. 1. Clear & Simple Accounting.

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Non-Profit Accounting & Reporting

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  1. Non-Profit Accounting & Reporting Presented by Ali Asghar, CPA www.aliandcompany.com

  2. Stable Accounting & Financial Reports Clear & Simple Accounting Clear Annual Reports Reducing Costs Getting into For-Profit & Not-For Profit Investments

  3. 1. Clear & Simple Accounting • Clearly defined Accounting Goals • Management Reporting • Tax Reporting • Lender Reporting • Report for Members

  4. 1. Clear & Simple Accounting (Cont.) • Clear Requirements from Accounting System • Type of Reports needed • Purpose of Accounting Reports • Intended Audience of Accounting Reports

  5. 2. Clear Annual Reports • Purpose of the Report • Fund Raising ? • Management Review? • Board of Directors ? • Lenders? • Others?

  6. 2. Clear Annual Reports (Cont.) - Sample

  7. 2. Clear Annual Reports (Cont.) - Sample

  8. 2. Clear Annual Reports (Cont.) - Sample

  9. 3. Reducing Costs • Software Selection • Employee Selection • Employee Roles & Responsibilities • BOD Oversight & Guidance

  10. 3. Reducing Costs (Cont.)

  11. 4. Getting into For-Profit & Not-For-Profit Investments • Legal Issues • Reporting Issues

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