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Lumsden McCormick Firm News

Exempt Organizations Newsletter | July 2023

July's jam packed newsletter is focused on improved accounting and operations including cash basis accounting, improving accounting processes, benchmarking, and building a philanthropic base.

Understanding why year-end adjustments are required when nonprofits use the cash basis method of accounting.

Committing your accounting team and leadership to steady and continuous improvements can build better long-term accounting procedures for improved operations and efficiencies.

benchmarking is a useful tool for mission driven organizations to set standards for productivity and to create performance measurements, operating reliance, and program efficiency.

Finding and building relationships with wealthy donors can make a big impact on your fundraising success, here’s how.
 

View the full July newsletter.

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