Tag Archives: CPA Society

CPAs, Boards and the IRS

MegaphoneBelow are three items that might be of interest to nonprofit accounting professionals.

How can our nonprofit find a CPA?

This article from Step By Step Fundraising has some great information on getting you started on your search.  As a bonus for you home school folks out there the author of that article has a great website too.

Are board members liable for investment losses?

Two posts back I answered a question on weather or not a board could be liable if it relied, in good faith, on outside advice when making its decisions.  Later I came across this great piece from the Risk Management Center that talks about the recent Madoff scandal and the impact it will have on nonprofits who had invested funds with him.  Please do read the article and follow through the links, especially to this one, a free publication that details the state laws for charitable immunity.

IRS and 990 trainings and tips

What Nonprofit Accounting Software Should I use?

It depends on the organization. QuickBooks Pro works well enough but may not be for everybody. The article from Idealware gives a pretty good round up of the type of packages out there at various price points and the pros and cons of each.

Another nice piece on selecting accounting software from a GuideStar Newsletter article by Nancy Church. No new or different brands of software listed but lots of good questions to consider.

From the Nonprofits Assistance Fund comes this nice piece about questions to ask and things to watch out for when choosing a new nonprofit accounting system.

The AICPA’s Journal of Accountancy recently had an article comparing different nonprofit accounting software packages. It is not a complete list but it is one of the broadest evaluations of current offerings I have seen in some time.