Visionary Accounting Group

The Costly Mistakes Nonprofits Make with Restricted Funds ??Are you managing restricted funds correctly? Restricted funds—grants or donations earmarked for specific programs—require careful tracking to avoid compliance issues and funder mistrust. Common mistakes include: ? Using restricted funds for general expenses. ? Failing to track separate budgets for each restricted grant. ? Underestimating the importance of transparent reporting. ?Pro Tip: Set up a clear accounting system to distinguish restricted and unrestricted funds, and always keep funders updated on how their contributions are used. ??How We Help: Accounting for Good helps nonprofits set up best practices for financial tracking—ensuring compliance and donor confidence. Join us to learn more! Link in the comments. #NonprofitFinance #FundTracking #AccountingForGood

Budgeting Beyond the Basics – How to Plan for Financial Resilience ?? A well-structured budget isn’t just about numbers—it’s about sustainability. Many nonprofits struggle with budgeting because they focus only on expenses rather than overall financial health. Here’s how to level up your budget: ? Allocate funds for long-term sustainability, including reserves and capacity-building. ? Use scenario planning to prepare for unexpected funding changes. ? Track program costs carefully to ensure alignment with strategic goals. ??How We Help: Accounting for Good provides members with budgeting templates, expert guidance, and real-world strategies to strengthen financial planning. Join us and build a resilient nonprofit! Link in the comments! #NonprofitBudgeting #FinancialResilience #AccountingForGood

Nonprofit Tax Changes in 2025 – Are You Ready? ?? IRS regulations are shifting—and nonprofit leaders need to prepare. ?? New donor acknowledgment rules ?? Updated Form 990 requirements ?? Changes in unrelated business income reporting ?? Want expert insights? Our newsletter covers all nonprofit finance updates so you stay ahead! Subscribe today at the link in the comments. #NonprofitTax #AccountingForGood

Nonprofit Financial Policies – What Every Organization Needs ??Clear financial policies protect your nonprofit from fraud, mismanagement, and inefficiency. Every nonprofit should have written financial policies to ensure accountability and transparency. Key policies include: ? Expense reimbursement procedures to prevent misuse of funds. ? Internal controls to safeguard against fraud. ? Board financial oversight policies to ensure compliance and strategic alignment. ??How We Help: Our members receive customizable templates and active guidance to create a strong financial foundation. Join us and fortify your nonprofit’s future! Link in the comments. #FinancialPolicies #NonprofitGovernance #AccountingForGood

Building an Endowment – Why More Nonprofits Are Investing in Long-Term Stability ??An endowment can provide long-term financial security—should your nonprofit have one? While many nonprofits focus on short-term fundraising, an endowment ensures long-term financial health. Here’s how to get started: ? Develop a clear endowment policy to govern fund usage. ? Educate major donors on legacy giving opportunities. ? Invest funds strategically to support sustainable growth. ??How We Help: Accounting for Good offers guidance on establishing and managing endowments, helping nonprofits secure financial futures. #EndowmentPlanning #NonprofitSustainability #AccountingForGood

Simplify Online Giving for Your Nonprofit ?? Did you know that 54% of donors worldwide prefer to give online? Ensuring a seamless donation experience is crucial to increasing contributions. With Donorbox, you can set up an easy-to-use, customizable donation page in minutes—helping your nonprofit attract and retain supporters. ?? Tip: Make giving effortless by offering recurring donation options and multiple payment methods. Ready to elevate your fundraising? Check out Donorbox today! #NonprofitFundraising #DonorEngagement #AccountingForGood

Cash Flow Strategies for Nonprofits – How to Stay Liquid ??Your nonprofit’s survival depends on cash flow, not just revenue! Even if your nonprofit raises significant funds, cash flow mismanagement can lead to financial instability. Here’s how to ensure steady liquidity: ?Monitor cash flow forecasts to anticipate funding gaps. ?Negotiate grant payment schedules to match your expense cycles. ?Diversify revenue streams to reduce dependence on delayed funding sources. ??How We Help: Our Accounting for Good resources help nonprofits create smart cash flow management plans so you can operate smoothly year-round. Link in the comments. #CashFlow #NonprofitFinance #AccountingForGood

Fundraising Risks You Might Be Overlooking ??Fundraising can expose your nonprofit to financial and legal risks—here’s how to protect your organization. Many nonprofits focus on revenue growth but forget about **risk management** in fundraising. Be mindful of: ?? Accepting restricted gifts without the ability to use them as intended. ?? Failing to track state-by-state fundraising registration requirements for online donations. ?? Over-promising impact in donor materials, which can lead to legal issues. ? Pro Tip: Review all gift acceptance policies and ensure proper financial oversight for fundraising campaigns. ??How We Help: Accounting for Good equips nonprofits with fundraising compliance resources and donor stewardship strategies to ensure ethical and sustainable growth. Join us! Link in the comments! #FundraisingEthics #NonprofitFinance #AccountingForGood

Is Your Nonprofit Payroll Compliant? Major Changes in 2025 ??New payroll regulations are rolling out—here’s what nonprofits need to know! Many nonprofits operate with unique payroll structures due to grant funding, part-time staff, and volunteers. However, 2025 brings new compliance requirements, including: ? Overtime rule adjustments—review your salaried employees’ classifications. ? New reporting requirements for independent contractors—double-check IRS classifications. ? Payroll tax adjustments—stay updated to ensure accurate withholdings. ??How We Help: Our members receive HR and payroll compliance updates, plus guidance on staying within legal guidelines. Join Accounting for Good to stay ahead! #PayrollCompliance #NonprofitHR #AccountingForGood

The Nonprofit Audit Process—How to Be Fully Prepared ??An audit doesn’t have to be stressful! If your nonprofit is required to undergo an audit, preparation is key. Here’s how to make the process smoother: ? Keep detailed and organized financial records year-round. ? Ensure grant compliance documentation is up-to-date. ? Work with your board and finance team to review policies before the audit. ??How We Help: Accounting for Good provides audit readiness checklists, expert support, and financial best practices so you can feel confident before, during, and after your audit. Join us to make financial transparency effortless! Link in the comments! #AuditPrep #FinancialCompliance #AccountingForGood