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Model Accounting and Financial Policies & Procedures For Nonprofit OrganizationsPrepare a comprehensive and up-to-date accounting and financial policies manual for your nonprofit organization in a fraction of the time it would take to draft one from scratch! Already have a policy manual? Use our model policies to update your existing manual by cutting and pasting from our model policies into your manual.We've prepared model policies that conform to all the latest OMB, GAO, IRS, and FASB regulations, standards, and requirements. These policies are designed to document sound internal controls and financial management practices. Policies are written in Microsoft Word (software not included) to facilitate your tailoring the policies to your organization. When you're finished customizing these policies, you'll have a comprehensive yet concise (125 to 150 pages) manual that addresses more than 240 specific policies in each of the following seven areas: General Policies and Procedures — Accounting department structure, ethics, conflicts of interest, fraud, security, general ledger, chart of accounts, etc. Revenues and Cash Receipts Processing — Revenue recognition, contributions, billing, accounts receivable, processing of cash receipts, lockboxes, credit card payments, etc. Expenditures and Cash Disbursements — Purchasing, solicitation of quotations from vendors, accounts payable, employee expense reports, travel and business entertainment, check preparation, payroll, etc. Asset and Liability Accounts — Cash, bank reconciliations, investments, inventory, prepaid expenses, property and equipment, depreciation, leases, accrued expenses, note payable, etc. Financial and Tax Reporting — Interim financial statements, annual financial statements, filing of information and tax returns, public access to returns, unrelated business activities, etc. Financial Management — Budgeting, external audit, selecting auditors, finance committees, audit committees, insurance, record retention and destruction, functional expense reporting, expense allocations, etc. Federal Grants and Contracts — Administration of federal awards, special procurement requirements, cash drawdowns, selection and monitoring of subrecipients, equipment purchased with federal funds, close out procedures, charging of direct and indirect costs, cost sharing and matching, etc. For a detailed index of policies, click here.
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