Article Archives: Cheryl R. Olson

The numbers provided by the finance and development departments at not-for-profits often do not match 100 percent – and they don’t have to. However, the data must be reconcilable from one department to the other,

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Foundations have experienced exponential growth in their philanthropy efforts and grant sophistication over the last 10 years. And while this expansion is exciting, many are discovering it comes with growing pains.

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QuickBooks is an effective accounting system for many companies. But our clients consistently ask us, “When do I need a new accounting system?,” and our answer is usually, “It depends!”

Unfortunately,

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Community foundations are inherently complex due to the various types of funds they receive with different arrangements based on donor preferences and their status as a grantmaking organization. COVID-19 has only increased those challenges,

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By Cheryl R. Olson, CPA, CGMA and
Co Author Paul L. Havel, Intellectual Property Team Leader, Miller Nash Graham & Dunn LLP

(This article was originally published on 2/1/2016 by NetRaising | a web consultancy.

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Posted by: Cheryl R. Olson

I have had many conversations lately about the skill sets nonprofit finance and accounting staff need to possess in today’s environment to stay relevant and competitive. These conversations range from CEOs who are looking for more strategic partners with their existing CFOs,

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This article was originally published in NetRaising.

Your website may inadvertently cause tax risks to your organization. A website communicates an organization’s mission, programs,

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This article originally appeared in the Journal of Accountancy ©2019 Association of International Certified Professional Accountants.

In a way, board oversight has the same impact on a not-for-profit organization that parenting has on a child.

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In this current environment, it’s common to hear about the importance of transparency. Keeping your own website updated with current information is important, but you also have some control over what the public learns about your organization through other websites,

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By Cheryl Olson, CPA, CGMA

Now that we’re in March, many of us have given up on our New Year’s resolutions. Some of us didn’t make resolutions to begin with based on past history.

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By Cheryl Olson, CPA, CGMA

The budgeting process can often seem like an exercise that takes a lot of staff time without much impact. If you find that to be true for you,

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By Cheryl Olson, CPA, CGMA and Diane Shey, CPA

In part one of this series, we looked at the process for identifying your organization’s specific functional needs in an accounting system.

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By Cheryl Olson, CPA, CGMA and Diane Shay, CPA

“Ugh, why can’t my accounting system just read my mind?” This is not an uncommon statement when you find your accounting system doesn’t do what you want it to do in the time you want it done.

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By Cheryl Olson, CPA, CGMA

Due to highly publicized fraud cases and poor governance practices, as well as state budget issues, more people are scrutinizing the activities of not-for-profit organizations.

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