Four Accounting Essentials: Questions for Your Accountant
Community foundations often work with local accountants who understand non-profit accounting principles; however, they may not be well-versed in the uniqueness of fund accounting for community foundations. There are four important questions to discuss with your accountant to make certain you are leveraging all of the financial tools available to further your organization's cause:
- Does joint investment allocation make sense for our organization?
- How can we effectively assess our fund fees?
- What is the best approach for spendable allotment?
- Which method of fund rebalancing is right for us?
To understand more about the policy factors and accounting options available to community foundations read our Bromelkamp GEM White Paper.