Knowing the rules is the easy part. Proving you followed them is where it gets hard.
Proof that you followed your own rules means showing who approved a cost and which fund it came out of. Reconstructing that eight months later, from memory and an inbox, is the part nobody budgets time for. There's still about a quarter of the fiscal year left, which is enough time to change how this works. That's what the session is for.
Gregg Bossen has spent 25 years teaching nonprofits how to run their books in QuickBooks. More than 4,500 seminars, over 65,000 people trained, and he currently teaches for more than 30 state nonprofit associations. He's also a practicing CPA. His firm files around 175 nonprofit returns a year and performs around 40 nonprofit audits, so he's the one sending the document requests he'll be talking about.
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What auditors check in a nonprofit's books, and why expense approval matters
CPA Gregg Bossen from (QuickBooks Made Easy for Nonprofits) explains what auditors and Form 990 preparers look for, including receipts, bank reconciliations and proof of approval, and how small nonprofits can set up approval checks with only a few staff.
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