David Leipnik, CPA,CVA,MST’s Post

Ensuring your nonprofit's financial health is crucial. Here are three key steps: 1. Monitor Cash Flow: Regularly review your cash flow statements to understand your financial position and ensure you have enough liquidity 2. Set Financial Benchmarks: Establish and track key financial metrics, such as operating reserves, fundraising efficiency, and program spending ratios 3. Conduct Regular Audits: Perform internal and external audits to verify accuracy and maintain transparency. Stay on top of your finances to drive your mission forward #NonprofitFinance #FinancialHealth #CashFlow #FinancialMetrics #Transparency #NonprofitSuccess #CNRAcountingAdvisory

We streamline and elevate nonprofit financial operations. Whether you need financial clarity, solid footing, streamlined processes, or increased impact, we're your trusted advisor, mentor, and talent—all in one. Let us handle your finances so you can focus on your mission. #nonprofitfinance #missiondriven

Financial Literacy Workshop 👩🏾💻 We’ve led these for clients and they can be a big help for your team and Board. 💡Tip: Offer workshops on topics like nonprofit finance, budgeting, and financial sustainability. 💡Suggestion: Provide resources and materials to participants for future reference. #nonprofitfinance #nonprofitaccounting #nonprofitnumbercrunching

📋 Nonprofit organizations use four main financial statements to track their finances. One crucial statement is the statement of financial activity, also known as the income statement in the for-profit world. This statement provides line-by-line details of where all your organization’s hard-earned funds come from and where they go. The three sections of this statement include your organization’s: 🔸 Revenue 🔸 Expenses 🔸 Net assets Creating this statement from scratch can be intimidating, but we’re here to help! Jitasa offers a free template to help you get started with your statement of financial activity. 📈 Check it out: https://bit.ly/3Ku06wv #Nonprofit #FinancialManagement #FinancialStatements #NonprofitFinance #Jitasa #FreeTemplate #NonprofitSuccess

Nonprofits have a fiduciary responsibility to funding sources and the community to use those resources prudently. And that includes ensuring regulatory compliance and accurate financial reporting. To ensure compliance, here are the financial statements that nonprofits must submit: 1. Statement of Financial Position (balance sheet) 2. Statement of Activities (revenues & expenses) 3. Statement of Cash Flows 4. Statement of Functional Expenses Together, these statements can give a complete picture of the organization. #CharityComplianceSolutions #Nonprofit #Compliance

Effectively communicating your financial story can significantly enhance your fundraising efforts and grant writing success! Your financial story should clearly articulate how your organization utilizes its funds. A comprehensive financial report should address key questions such as: What are your performance goals? What are your program objectives? How does your funding support these organizational goals? By clearly conveying your nonprofit’s financial narrative, stakeholders gain a deeper understanding of your organization's impact. If you want to learn more about crafting a compelling financial story, visit our page for more tips. https://lnkd.in/dMsR2dWH  #accounting #financialmanagement #kansascity #colorado #nonprofits

Dive into the fundamentals of financial stability with our Introduction to Nonprofit Financial Management workshop on March 13! Unlock the secrets to nurturing your cause with confidence as we shed light on the essentials: 📈 Understanding financial jargon 🔍 Analyzing financial statements 📝 Strategic budget planning Strengthen your fiscal foundation because a robust balance sheet means a resilient mission. Your journey to financial acumen starts now — secure your financial future to ensure your mission thrives. Learn more and register: https://ow.ly/oJV750QsPKt. #financialhealth #oneoc #nonprofitgrowth #orangecounty #orangecountyevent #nonprofit #orangecountynonprofit

Thrilled to share a quick #NonprofitAccountingTip: Understanding Financial Statements. Mastering financial statement interpretation is crucial for nonprofit success, offering insights into financial health and mission alignment. Empower your organization with informed decision-making and sustainable growth! Daily Counting with Carlos Cues for nonprofits con Carlos Norena at PLUS Accounting Services #NonprofitManagement #FinancialLiteracy #MissionAlignment #DataDrivenDecisions #FinancialHealth #SustainableGrowth #NonprofitLeadership #StrategicPlanning #FinancialInsights #ImpactAnalysis #FinancialStatementAnalysis #NonprofitSuccess #CommunityImpact #ResourceAllocation #NonprofitFinance #Budgeting #FinancialReporting #AccountingTips #FinancialManagement #OrganizationalGrowth #DecisionMaking #FinancialStrategy #SocialGood #Empowerment #LeadershipDevelopment #CapacityBuilding #NonprofitSector #NGO #FinancialEmpowerment #CoutingwithCarlos

Unlock your nonprofit's financial potential! Dive into our latest blog post for essential tips on board member financial oversight. Master key documents, fulfill fiduciary duties, and elevate your organization's governance with ease. Read now! #NonprofitFinance #BoardResponsibility 📈💼💡https://hubs.la/Q02sqCPm0

Start off 2024 by learning how to use your nonprofit’s financial statements to make better decisions for your organization. We’re hosting a free 45-minute webinar to help you understand what your financial statements reveal. Register here 👉 https://bit.ly/3QLbJSq #nonprofits #financialstatements #nonprofitinsights