Article Archives >> Behind the Numbers >> December 1-15, 2005
Preview of Article:
BEHIND the NUMBERS
Your Chart-of-Accounts: The Key to Meeting Competing Needs
For Financial Information
By Eric Fraint, President
Your Part-Time Controller, LLC
Excerpt
Your nonprofit organization faces demands for financial reports
from a variety of different constituencies including management,
staff, board committees, funders, grantors, donors, auditors, bankers
and the IRS. Many of these financial report readers require that
your reports be presented in different formats. The question is:
how do you set up your accounting system to satisfy all needs? If
you set up your accounting system one way to make reporting easier
for one set of statement readers, this often makes it harder to
produce the required statements for other users.
Article Archives >> Behind the Numbers >> December 1-15, 2005
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