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Financial Oversight
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Effective Nonprofits have adaptive systems, structures and cultural norms that build and maintain their capacity to achieve their vision, mission and goals. This means designing, maintaining and adapting organizational systems; implementing processes and tools to manage programs; and strategically organizing financial and human resources in ways that deliver most effectively on the mission.
Professional Development and Learning:
Resource Topics On This Page:
1. Financial Management
2. Financial Controls & Policies
3. Financial Reporting
4. Financial Service Providers
5. Accounting Procedures
6. Audits & Related Options
7. Single Audit Service Providers
8. Fund Investments
1. Financial Management
- NAO Nonprofit Financial Management Self-Assessment Tool - NAO
- 5 Myths in Nonprofit Finance - Public Interest Management Group
- AICPA Nonprofit Resources - American Institute of Certified Public Accountants
- An Executive Director's Guide to Financial Leadership - The Nonprofit Quarterly
- Best Cloud Accounting Software for 2021 - BestAccountingSoftware
- Finance and Accounting Risk Assessment - CFO Selections
- Financial Management: Strong Nonprofits Toolkit - Wallace Foundation
- Financial Management - Free Management Library
- Financial Stability Check-Up - CRCFO and Social Impacts Architects
- Glossary of Financial Terms - Nonprofit Finance Fund
- Indicators of Financial Crisis - The Foraker Group
2. Financial Controls & Policies
- Internal Controls for Nonprofits - National Council of Nonprofits
- Maximizing Nonprofit Internal Controls: An Essential Guide - Nonprofit Quarterly
- Nonprofit Financial Policy Guidelines and Example - Propel Nonprofits
- Nonprofit Fiscal Policies & Procedures: A Template and Guide - CompassPoint
- Oregon DOJ Financial Control Recommendations for Small Nonprofits - Oregon Dept of Justice
- Ten Easy-To-Adopt Internal Controls for Small Nonprofits - Clark Nuber
3. Financial Reporting
- Elegant Reporting in Nonprofit Accounting - CLA
- Financial Statements of Nonprofits - Accounting Tools
- Financial Statements: Understanding Financial Statements - BoardEffect
- Financial Statements: Take the Fear Out of Financial Statements - BoardSource
- Tax Excempt Resources & Tools for 501(c)(3) - IRS Website
- Form 990 Overview Training - IRS Website
- Form 990 Overview of IRS Form - Foundation Group
- FASB Issues New Accounting Rules for Contributions and Grants - McDonald Jacobs
- FASB Upcoming Changes to Revenue Recognition for Contributions - McDonald Jacobs
- FASB New Accounting Standards – An Overview - National Council of Nonprofits
- FASB New Accounting Standards: Financial Reporting Standards Guide - Moss Adams
4. Financial/Accounting Service Providers
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Nonprofit Financial/Accounting Services - NAO Business Affiliate Directory
5. Accounting Procedures
- Accounting Basics: Nonprofit Accounting Basics - GWSCPA Educational Foundation
- Bank Statements: Do You Know Where Your Bank Statements Are - Oregon Dept of Justice
- Budgeting: 5-Step Guide to Budget Development: Strong Nonprofits Toolkit - Wallace Foundation
- Budgeting: 10 Step Annual Budget Checklist - Propel Nonprofits
- Budgeting: Budgeting for Nonprofits - National Council of Nonprofits
- Cash Flow: Strong Nonprofits Toolkit - Wallace Foundation
- Donor Receipt: Requirements for the Donor Receipt - Clark Nuber
- In-Kind Donations: In-Kind Donations: Accounting and Reporting for Nonprofits - CFO Selections
- In-Kind Donations: Everything You Need to Know on Reporting In-Kind Donations - Clark Nuber
- Pledges: Accounting for Pledges - Accounting Tools
- Reserves: How Much Cash Should a Nonprofit Have in Reserves - NAO & CFO Selections
- Reserves: Operating Reservies for Nonprofits - National Council of Nonprofits
- Restricted Funds: Managing Restricted Funds - Propel Nonprofits
- Revenue Recognition: Understanding New Revenue Recognition Guidelines - CFO Selections
- Stock Gift Donations: Accounting and Reporting for Stock Gift Donations - CFO Selections
- Unrelated Business Income: Tax Concerns When Your Nonprofit Corporation Earns Money - Nolo
- Unrelated Business Income: Tax Requirements - IRS
6. Audits & Related Options
- Audit Readiness Self-Assessment: Strong Nonprofits Toolkit - Wallace Foundation
- Audits - Nonprofit Accounting Basics - GWSCPA Educational Foundation
- Building Strong and Effective Audit Committees - Clark Nuber
- Charity and Nonprofit Audits - IRS
- Nonprofit Audit Guide - National Council of Nonprofits
- State Law Nonprofit Audit Requirements - National Council of Nonprofits
- Federal Law Nonprofit Audit Requirements - National Council of Nonprofits
- When is a Nonprofit Required to Have an Independent Audit - Nolo
- When Should I Have An Audit: Audit Options - Clark Nuber
7. Single Audit Service Providers: These NAO affiliate members offer Single Audit services for nonprofits that receive federal grants.
- Clark Nuber PS - Audits, Reviews & Compilations - Cheryl Olson
- CliftonLarsonAllen - Single Audit Preparation - Nikolas Petrovich
- Jones & Roth CPAs - Audit Compliance - Robert Adrian
- McDonald Jacobs P.C - Financial Reporting - Gerard DeBlois
8. Fund Investments
- Investing for Nonprofits Best Practices - Headwater Investment Consulting
- Investment Committee Best Practices - BoardEffect
- Investment Committees: More Than the Sum of Their Parts - Arnerich Massena
- Investment Policies for Nonprofits - National Council of Nonprofits
- UMIFA Becomes UPMIFA: Fund Investment Management - Uniform Law Commission
To view an A-Z list of all P&P resources, go to: NAO Resources Index
Check out NAO's Directory of vetted consultants and service providers offering expertise in this specific resource category.
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