Not-for-profits are organizations that serve an altruistic purpose that benefits the public. Most organizations are governed by Executive Boards composed of volunteers who may not have had prior governance or executive management experience.
How does a board with no experience successfully govern the operations of an organization? Documented internal control policies is the answer. This includes core accounting processes, financial standards, and roles and responsibilities that clarify the quality standards and expectations for the organization.
At W2 Group, we have prepared a manual to help you get started. The major areas addressed in this manual include the accounting structure, timekeeping, revenue recognition, cost categorization/allocation, indirect rate calculations, expense policies, internal controls, and the cost accounting structure.
Simply enter your details below and download the Not-for-Profit Accounting Policies manual.
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The W2 Group, LLC