Four Ways for Nonprofits to Improve Financial Statements

Routine maintenance helps you get the most mileage out of your vehicle, and as the vehicle that represents your not-for-profit’s financial position, your financial statements may need periodic tune-ups. Reviewing your financial statements for ways to improve them helps ensure they accurately reflect your organization to the public, your board and current and potential donors.

There are a number of ways you can better the preparation and presentation of your financials, and we’ve gathered a short list of four best practices and tips you may find useful. Whether or not you implement the best practices outlined below, keep in mind that small improvements and maintenance to your financial statements can be a rewarding way to bring value to your organization.

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