In their Fall 2008 Nonprofit Observer publication, San Francisco Bay Area CPA Firm Lautze & Lautze offers advice on how to avoid 8 common accounting mistakes among nonprofits (summarized below):
The key to avoiding many common accounting mistakes is taking your time and double-checking your actions. When in doubt, consult an accounting professional.
The Lautze & Lautze Nonprofit Observer publication, Fall 2008, is available here.
- Emily Chan