4 Common Accounting Errors for Nonprofits to Avoid

4 Common Accounting Errors for Nonprofits to Avoid

It may be tempting to try to save money and perform your nonprofit’s accounting tasks internally. But if your staff isn’t experienced and properly trained, mistakes are likely to occur — with potentially serious repercussions. Some accounting mistakes are common among newer nonprofits and smaller organizations that attempt to go it alone. In particular, work to prevent: 1. A laissez-faire attitude toward rules. Even the smallest nonprofit should…