Upsilon’s Post

Financial Clarity Awaits ✨ Unlock your NGO's potential with Accounting Without Borders! 🌍 We're here to provide top-notch accounting services tailored just for NGOs. Let's navigate finances together for a brighter future. 💼📊 #ngo #nonprofit #finance #accounting #affordable #reassurance #consulting #support #accountingwithoutborders

Learning (IAS 1) Does IAS 1 apply only to profit-oriented entities, or does it apply to non-profit entities? IAS 1 uses terminology that is suitable for profit-oriented entities, including public sector business entities. If entities with not-for-profit activities in the private sector or the public sector apply this standard, they may need to amend the descriptions used for particular line items in the financial statements and for the financial statements themselves. [Para 5]

✅ Professional services ✅ Real estate ✅ Non-profits Does your business fit into one of these industries? If so, our team can help! We pride ourselves on knowing how to serve these industries with expertise and experience! Learn about all of the ways we can support you here ➡️ https://bit.ly/3OGe6qf #virtualcfo #taxplanning #taxprep #taxpreparation #bookkeeping #ProfessionalServices #RealEstate #NonProfits #fortcollins #downtownfortcollins #local #smallbusiness #smallbusinesses #tax #accounting #accountant #accountingfirm #momentumtax #momentumtaxandfinancial

How are non-profits treated under CTA BOI reporting? https://lnkd.in/g7jMq47j Key Takeaways Exempt Status: Most 501(c) tax-exempt non-profit organizations are exempt from BOI reporting. Conditional Exemptions: Entities that support tax-exempt organizations or regain tax-exempt status within 180 days also maintain exemptions. Reporting for Non-Exempt Entities: Non-profits that lose their tax-exempt status or are not under 501(c) may need to file BOI reports. Continue reading: https://lnkd.in/g7jMq47j #CTA #CorporateTransparencyAct #BOI #AML #FinCEN #BeneficialOwnership #Business #BeneficialOwner #SmallBusiness #Startup #SMB #entrepreneurs #entrepreneur #finance #Compliance  #entrepreneurship #bankingindustry #finances  #banking #accounting  #bank #b2b #bookkeeping #bankers #businessanalysis #businessbanking  #bookkeeper #CPA #law #legal #lawfirm #lawyer #businesslaw #accountant #tax #accountingandaccountants tax preparer Corporate Transparency enrolled registered agent Corporate Transparency Act, BOI, BOIR, BOI reports & reporting BOI BOIR FinCEN

Not-for-profit organizations operate in an environment of increased accountability from their boards of directors, donors, and other interested public stakeholders, and face complex operational issues.🔍 You want to just focus on your mission, but the need for attention to detail on tax preparation, regulations, and accounting threatens to take away from that. That's where MMNT comes in with our not-for-profit services, including assistance with organizational structure, tax-exempt status, and implementation of accounting standards. 💪📊🏦 We have unique, hands-on experience in the industry and we'll give your non-profit the personalized attention it deserves. MMNT Certified Public Accountants Where Trust Matters (860) 643-1001 #CPA #CFO #accountant #accounting #finance #creditscore #taxprep #taxseason #taxes #payroll #bookkeeping #smallbusiness #smallbusinesssolutions #nonprofit #CT #CTbusiness #industry #businessowner #entrepreneur #personalfinance

Unlocking the Power of NGO Finance! 🌍✨ Book your consultation with Accounting Without Borders' global experts today with just an email. Empower your organization's mission with expert financial guidance. #ngo #accounting #consulting #global #meeting #support #ngosupport #finance #nonprofit #jointhemission #globalimpact

Today is Financial Friday. Who do you know in the NC non-profit world that needs to hear today's message, which is The Annual Financial Statements Closing Checklist!! All important annual checks and insights in one place. 𝗛𝗲𝗹𝗽 𝗺𝗲 𝘀𝗵𝗮𝗿𝗲 𝘁𝗵𝗶𝘀 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗙𝗥𝗘𝗘 𝗖𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁. 𝗟𝗶𝗸𝗲, 𝗦𝗵𝗮𝗿𝗲 𝗮𝗻𝗱 𝗖𝗼𝗺𝗺𝗲𝗻𝘁 𝘀𝗼 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗰𝗮𝗻 𝗿𝗲𝗮𝗰𝗵 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝘄𝗵𝗼 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁 𝗣𝗿𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻. 𝗛𝗲𝗿𝗲 𝗶𝘀 𝘄𝗵𝗮𝘁 𝘁𝗵𝗲 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗹𝗼𝘀𝗶𝗻𝗴 𝗖𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁 𝗜𝗻𝗰𝗹𝘂𝗱𝗲𝘀: ▶️ General checks ▶️ Analytical procedures ▶️ Property, plant, equipment and intellectual property checks ▶️ Inventories check ▶️ Account receivables check ▶️ Revenues check ▶️ Loans and interest expenses check ▶️ Account payables check ▶️ Commitments and contingencies check ▶️ Salaries, employee costs check ▶️ OPEX check ▶️ Equity check ▶️ Loans and financial liabilities check ▶️ Intercompany transactions check I missed something? Let me know what you would add. 𝗛𝗲𝗹𝗽 𝗺𝗲 𝘀𝗽𝗿𝗲𝗮𝗱 𝘁𝗵𝗶𝘀 𝗙𝗥𝗘𝗘 𝗖𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁 𝘁𝗼 𝗵𝗲𝗹𝗽 𝗼𝘁𝗵𝗲𝗿𝘀. #bookkeeping #accounting #payroll #consulting #training #fundraising #grantwriting #990 #990services #specialprojects #preauditservices #preaudit #tax #taxpreparation #forprofit #nonprofit #nc #northcarolina #boardofdirector #boardofdirectors #boardofdirectretreats

We lead the process to a clean Audit. #nonprofitorganization #rakoty_nonprofit_accountants #you_help_the_world_we_help_you #Accounting

Today is Financial Friday. Who do you know in the NC non-profit world that needs to hear today's message, which is The Annual Financial Statements Closing Checklist!! All important annual checks and insights in one place. 𝗛𝗲𝗹𝗽 𝗺𝗲 𝘀𝗵𝗮𝗿𝗲 𝘁𝗵𝗶𝘀 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗙𝗥𝗘𝗘 𝗖𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁. 𝗟𝗶𝗸𝗲, 𝗦𝗵𝗮𝗿𝗲 𝗮𝗻𝗱 𝗖𝗼𝗺𝗺𝗲𝗻𝘁 𝘀𝗼 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗰𝗮𝗻 𝗿𝗲𝗮𝗰𝗵 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝘄𝗵𝗼 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁 𝗣𝗿𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻. 𝗛𝗲𝗿𝗲 𝗶𝘀 𝘄𝗵𝗮𝘁 𝘁𝗵𝗲 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗹𝗼𝘀𝗶𝗻𝗴 𝗖𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁 𝗜𝗻𝗰𝗹𝘂𝗱𝗲𝘀: ▶️ General checks ▶️ Analytical procedures ▶️ Property, plant, equipment and intellectual property checks ▶️ Inventories check ▶️ Account receivables check ▶️ Revenues check ▶️ Loans and interest expenses check ▶️ Account payables check ▶️ Commitments and contingencies check ▶️ Salaries, employee costs check ▶️ OPEX check ▶️ Equity check ▶️ Loans and financial liabilities check ▶️ Intercompany transactions check I missed something? Let me know what you would add. 𝗛𝗲𝗹𝗽 𝗺𝗲 𝘀𝗽𝗿𝗲𝗮𝗱 𝘁𝗵𝗶𝘀 𝗙𝗥𝗘𝗘 𝗖𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁 𝘁𝗼 𝗵𝗲𝗹𝗽 𝗼𝘁𝗵𝗲𝗿𝘀. #bookkeeping #accounting #payroll #consulting #training #fundraising #grantwriting #990 #990services #specialprojects #preauditservices #preaudit #tax #taxpreparation #forprofit #nonprofit #nc #northcarolina #boardofdirector #boardofdirectors #boardofdirectretreats

Welcome to "A Guide for Non-Profit Finance Managers," the essential resource for anyone tasked with the financial oversight of a non-profit organization. Whether you are a new finance manager in the non-profit sector or an experienced professional seeking to enhance your skills, this book is designed to help you navigate the unique challenges of non-profit financial management. Insights from My Book on Finance in Humanitarian Work Understanding the backbone of humanitarian efforts is crucial. Here's a key takeaway from my upcoming book, which explores the often-underestimated role of finance in humanitarian operations: "In humanitarian work, finance plays a vital role that is often overlooked. While humanitarian organizations focus on providing aid and support to those in need, these important activities are impossible without sound financial management. This book delves into finance's integral role in humanitarian work, highlighting its impact on operational effectiveness, strategic decision-making, and organizational sustainability. " Morlaye, C. (2024), P7, A Guide for Non-Profit Finance Managers, Morlaye Camara. Discover how effective financial strategies empower organizations to not only meet immediate needs but also ensure long-term sustainability. Keep Updated: In May, watch for more insights and the announcement of my book release! "A Guide for Non-Profit Finance Managers", Excellence in Financial Management