Try digitizing your files so your important documentation is at your fingertips at all times. They can also be easily lost, destroyed, mis-filed, or difficult to locate when your accountant needs them. The Paper Monster – Paper files can quickly grow into an unwieldy beast. Expenses should always be documented with receipts, invoices, purchase orders, and/or copies of cancelled checks. Ghosts of Expenses Past – Do you really want to give your accountant a fright? Just drop a pile of crumpled, coffee-stained receipts on their desk! If you’re struggling to keep track of credit card receipts, consider a digital solution like Expensify.Ī Mysterious Phenomenon – The only thing worse than a messy pile of receipts is no receipts at all. Always separate accounting functions between multiple people.Īccount Graveyards – Has it been ages since you’ve reconciled your bank and credit card accounts? Accounts should be reconciled monthly to catch mistakes and ensure your financial records are up to date. The Lone Specter - If one person is responsible for everything in your finance department (depositing checks, reconciling bank accounts, approving bills), your organization is at a high risk for fraud.

Many of these spooky situations are all too common with understaffed, overworked nonprofits fortunately, there are some easy fixes you can implement to keep your accountant from running away screaming. Happy Halloween! In the spirit of the season, we’re sharing the top ten scariest things that our CPAs have encountered in our work with nonprofit organizations.

Accounting playing spooky scare