Few things are as crucial as being audit ready. For organizations, audits can be stressful and time-consuming, but with the right preparation, it can be a smooth and headache-free process. At Mission Edge, our dedicated managed services accounting team understands the importance of audit readiness, and we ensure our clients are well-prepared to face any audit with confidence.

Here are the five most critical financial reports you need for nonprofits and what they should look like.

For nonprofits, revenues may come from contributions from the public, grants or endowments, ticket sales, auction proceeds, fees for goods and services, or any combination thereof..

Making sure your budgets are aligned across all departments will prevent excess spending and help create more accurate budgets for the future.