Your nonprofit organization faces demands for financial reports from a variety of different constituencies including management, staff, board committees, funders, grantors, donors, auditors, bankers and the IRS. Many of these financial report readers require that your reports be presented in different formats. The question is: how do you set up your accounting system to satisfy all needs? If you set up your accounting system one way to make reporting easier for one set of statement readers, this often makes it harder to produce the required statements for other users.
Your Chart-of-Accounts: The Key to Meeting Competing Needs For Financial Information (Adobe Acrobat PDF, 60 KB)