Author: Nicole Seaholm
Navigating the challenges that not-for-profit organizations face in their day-to-day operations can lead to unnecessary frustrations for staff, board members, and volunteers. Below are three of the biggest challenges not-for-profit organizations face. Tracking and Fulfilling Donor Restrictions: When a donor sends a donation to a not-for-profit organization, they can restrict...
Read More
In an age where cash and wire fraud are increasingly more common, having strong internal controls over cash has become even more important. To help eliminate fraud risks, consider the following strategies: Perform Bank Reconciliations: On a monthly basis, review the transactions hitting the bank account and reconcile the activity...
Read More
With the adoption of the new leasing standard (ASC 842), the first step is to identify your lease population, their payment terms, and the lease classifications. After you have identified these, where do you go from here? Finance and operating leases have different treatments in the financial statements. While both...
Read More
In 2022, most private companies will be required to follow a new set of leasing standards which require financial statements to report all leases on their balance sheet. In a future post, we will detail how this will impact the financial statements and recordkeeping of your company. This post will...
Read More
In September 2013, I was interviewed by Copeland Buhl & Company employees for a full-time staff accountant position. Over the course of the day, I met a variety of employees who greeted me kindly, discussed company sponsored events, and explained their experience working at the company. I remember driving home...
Read More