info@affluentcpa.com | Blog | Download Our App
info@affluentcpa.com | +1-301-921-8585
financial-performance-ngo

What are the fundamentals of an NGO’s Financial Management?

Introduction to Financial Management Financial management is crucial for the success of any organization, be it private, government or non-governmental organization. For any organization to be successful, they ought to watch their finances and make right decisions at the right...
Read More →
ngo

The Accounting Process of a NGO

By describing the accounting processes of NGOs, we should begin by looking at the accounting system of the organization and what it typically consists of. A practical accounting system should consist of; The funding Agreement: This agreement between the donor and the organization...
Read More →
non-profit-tax

What are the taxation aspects of Non Profit Organizations?

A brief summary on governments revenues Governments fund their activities in a range of ways. The main components of government revenue are typically consumption taxes, income taxes and a range of non tax revenues, including grants from donors. The exact mix of revenue sources...
Read More →
ngo-income-tax

Why are some NGO’s exempted from Income Tax?

What NGO’s stands for and their roles? An NGO (Non-governmental organization) is supposed to be organised and operated exclusively for scientific, research, educational character building, youth and sports-development, health, social welfare, cultural or charitable...
Read More →
nonprofits

The Role of an Auditor in a Non-Profit Organization

A scope of Non-Profit Organization This sector is very diverse with organizations handling from thousands to hundreds of millions of dollars in funds per year. However despite the size and scope of any of them, corporate governance is the basic character that they have. This has...
Read More →

How to Register a Non-Profit Organization

A non-profit organization typically refers to an organization of concern on public or community benefit which works without the purpose of making profit unlike many other regular profit organizations. There are various types of non-profit organizations as identified by the...
Read More →
bank account

How to Open a Bank Account for a Non-Profit Organization

Non-profit organizations are those that serve in the public’s interest. It’s income is used for the growth of the company instead of personal gain. Popular Non-profit organizations such as the Make-A-Wish Foundation and the United Nations Children’s Fund (UNICEF) receive...
Read More →