Welter Consulting LLC

??? Nonprofit Budgeting Best Practices: Keeping Your Budget Flexible & Effective Nonprofit budgets are living documents—they should grow and change alongside your organization's financial landscape. Regular check-ins and updates are key to ensuring your budget reflects reality. ? Schedule Regular Reviews: Monthly or quarterly reviews help track income, expenses, and identify discrepancies. ? Be Flexible: Financial shifts happen—adjust your budget as needed. ? Monitor Cash Flow: Keep a close eye on both incoming and outgoing funds. ? Leverage Technology: Budgeting software can streamline processes and improve accuracy. ? Document Assumptions: Clarify your budget's foundation to explain variances with ease. ? Plan for Surprises: Build contingency plans for unexpected expenses. ? Communicate Openly: Regular updates with stakeholders build trust and ensure alignment. By following these strategies, nonprofits can maintain financial stability and adapt effectively to change. ?? #NonprofitFinance #BudgetingTips #FinancialPlanning #NonprofitSuccess

?? Finding the right auditor shouldn’t be a game of chance! ?? Choosing the perfect auditor for your organization isn’t about luck — it’s about strategy. While the wrong choice can leave you feeling like you’ve drawn the short straw, the right auditor brings: ? Expertise in your industry ? Clear communication and transparency ? A proven track record of success Don’t gamble with your organization’s financial health — follow these expert tips to find an auditor you can trust. Learn more here: https://lnkd.in/gB2J8pAC #StPatricksDay #AuditSuccess #FinancialHealth #WelterConsulting

?? Choosing the Right Auditor: More Than Just Numbers... Selecting an auditor isn’t just a business decision — it’s a decision that impacts trust, security, and peace of mind. Ever felt that nagging worry before an audit? That sense of, "What if something was overlooked?" or "Are we really prepared?" — You're not alone. The right auditor does more than check boxes, they become a trusted guide, helping your organization feel secure, confident, and prepared. ? Look for someone who values transparency. ? Choose a partner who explains findings in ways that empower, not overwhelm. ? Prioritize an auditor who aligns with your organization’s mission — because understanding your goals makes a world of difference. Your auditor should feel like an ally — someone who brings clarity, not confusion. ?? Need guidance in choosing the right one? Check out these helpful tips: https://lnkd.in/gB2J8pAC #AuditPreparation #FinancialIntegrity #NonprofitFinance #AuditorSelection #BusinessTrust

Best Practices for Nonprofit Budgets ?? Budgets aren’t just numbers on a spreadsheet—they’re living documents that evolve with your organization. Regularly reviewing and updating your #NonprofitBudget ensures financial health, transparency, and long-term success. Here are 7 best practices for keeping your nonprofit’s budget in check: ? Review Regularly – Schedule monthly or quarterly reviews to compare actual income and expenses against projections. ? Stay Flexible – Be ready to adjust as financial positions change throughout the year. ? Track Cash Flow – Monitor funds closely to ensure your nonprofit can cover expenses. ? Leverage Technology – Budgeting software can streamline processes and improve accuracy. ? Document Assumptions – Keep track of budgeting assumptions to explain variances. ? Plan for Contingencies – Build in buffers for unexpected expenses or funding shifts. ? Communicate Transparently – Keep stakeholders informed to build trust and alignment. By following these best practices, nonprofits can navigate financial challenges with confidence and make data-driven decisions that support their mission. What strategies have helped your nonprofit maintain financial stability? Drop your thoughts in the comments! ?? #NonprofitLeadership #FinancialManagement #BudgetingBestPractices #NonprofitFinance #BudgetingTips

Big changes could be coming for future CPAs ?? AICPA and NASBA are seeking public comment on a new licensure pathway that removes the competency evaluation, requiring only: ? A bachelor’s degree ? Passing the CPA exam ? Two years of professional experience Could this help address the accounting talent shortage, or does it lower the bar too much? Tell us in the comments ?? Via CFO Dive: https://hubs.ly/Q039Ny-k0

Congratulations to our members and colleagues who were recently named to Gonzaga University's School of Business Accounting Advisory Board! The Board, which includes WSCPA President & CEO Kimberly Scott, CAE, will offer guidance on curriculum improvements to help students begin successful careers in accounting. See the full list of Board members here >> https://hubs.li/Q0391PqW0

The struggle is real...

CPA Exam Accelerator Virtual Fireside Chat - March Session Mar 20 | 4:00-5:00 PM | Virtual CPA Exam Accelerator Fireside Chats are a free offering from the WSCPA to support you on your path to CPA. These events will bring in experts from CPA review providers and other professionals with CPA exam insights, study tips, and motivation strategies to get you to the finish line. Whether you have already passed parts of the CPA exam, just applied to sit, or are still a year or two away from tackling the exam, you’re invited to learn from the best, ask questions, network, and get support from other students who are also on the quest to get those three coveted initials after their name: CPA. Register now for the March session or the entire bundle (Oct-May) >> https://hubs.li/Q02Nb0SV0

Money in, money out—sometimes, it feels like a guessing game. You’re doing everything right. Watching the numbers. Planning ahead. But somehow, cash flow still feels unpredictable, like trying to navigate in the dark without a flashlight. And when financial uncertainty creeps in, so does stress. The good news? It doesn’t have to be this way. With the right approach, cash flow forecasting can shift from a source of anxiety to a tool for confidence and control. Small changes in strategy can lead to big improvements in financial clarity. If you’re tired of the guessing game, this article breaks down how to bring more accuracy—and peace of mind—to your cash flow forecasting. Read it here: https://lnkd.in/gFE4ZXQE #CashFlow #FinancialClarity #Nonprofits #Accounting #Leadership

Budgets evolve. Priorities shift. And that’s okay. You’re not failing if your budget isn’t unfolding exactly as planned. Life happens. Needs change. Unforeseen challenges arise. And sometimes, despite our best efforts, the numbers just don’t align. But here’s the truth: A budget isn’t a rigid rulebook—it’s a guide, a tool to help you navigate the unexpected with clarity and confidence. Adjusting your budget isn’t a setback; it’s a sign of adaptability, resilience, and growth. So if you’re feeling the weight of shifting numbers, take a deep breath. You’re not alone, and you’re not off track. You’re simply evolving—just like your budget. Let’s reframe the way we see financial planning. Read more here: https://lnkd.in/gYTiqm72 #Budgeting #Nonprofits #Leadership #FinancialResilience #CFO