09/01/2026
Your nonprofitโs bank balance might look healthy... but do you know whatโs actually behind the numbers? A strong Balance Sheet should tell a story you can explain, support, and prove.
In Part 1 of our latest nonprofit accounting series, our CEO, Laraine Hutcherson, MBA, breaks down three questions every nonprofit board should be able to answer:
โข How much of our cash is actually available to spend?
โข Can we prove our Accounts Payable balance?
โข Who owes us money, and is the amount actually correct?
Because the question isn't simply, โDo our numbers look good?โ The better question is: โCan we explain what these numbers mean, and can we prove them?โ
If you're on a nonprofit board or part of a nonprofit leadership team, this is worth a read. Read Part 1: Your Nonprofitโs Balance Sheet: Cash, Payables & Receivables now!
https://sinc-team.com/insights/f/your-nonprofit%E2%80%99s-balance-sheet-cash-payables-receivables
Next week, we're getting into prepaid expenses, bank reconciliations, and one of the more misunderstood areas of nonprofit accounting: Restricted does not mean deferred.