The Back Office Blog

Looking to learn more about all things bookkeeping and accounting? Have a browse through our blog.

Fund Accounting Basics for Canadian Non-profit Organizations

Accounting

While the accounting systems used by commercial businesses and Non-profit Organizations (NPOs) share plenty of similarities, the critical difference lies in their source...

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Key Considerations When Setting Up eCommerce for Nonprofits

NPO

Did you know your nonprofit organization can use an eCommerce store to help fund operations?

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GST / HST Information for Nonprofit Organizations

NPO

Although charitable and nonprofit organizations (NPOs) are exempt from paying income tax, they are still required to pay and collect GST/HST for many of the taxable supp...

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The Rise of Microphilanthropy for Nonprofits

NPO

Although we often think of philanthropy in terms of large donations made to charitable organizations by wealthy or long-standing supporters, giving has changed recently ...

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To Gala or Not to Gala? – Post-Pandemic Nonprofit World

NPO

Prior to the pandemic, many nonprofit organizations and charities relied on their annual gala dinner as their main fundraising event. Organizations would then generate r...

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Guide to Cybersecurity for Nonprofits

NPO

Ransomware attacks are one of the most common cyber threats to any organization’s data security. In fact, IBM reported that in 2020, ransomware attacks and malware cos...

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An Outlook on Nonprofit Fundraising Trends in Canada After COVID-19

NPO

2020 was the year of COVID-19, an unprecedented (in our lifetime, at least) pandemic that created fundamental economic uncertainty across a vast number of sectors ...

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Non-Profit Audits versus Reviews: Key Differences Your NPO Should Know About

NPO

Not-for-profit organizations (NPOs) have different legal obligations than for-profit organizations regarding financial statements and reporting. Not-for-profit organizat...

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How to Effectively Report Financials to Non-Profit Boards

NPO

Non-profit boards tend to include members with a variety of skills and interests. However, while many of these skill sets are valuable for organizational oversight, non-...

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Four Reasons Why We Recommend QuickBooks Online for Nonprofit Organizations

NPO

At Enkel, there are a lot of great reasons why we recommend QuickBooks Online (QBO) to our NPO clients. For starters, not only is QBO the leading cloud accounting softwa...

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First Nonprofit Audit – What to Expect

NPO

Though time-consuming and expensive, nonprofit organizations are often required to conduct audits. External audit requests can be made by governing bodies —such as the...

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Non-Profit Reserve Funds: Guide to Financial Stability

NPO

Reserve funds are very much top-of-mind for many non-profit organizations (NPOs), with good reason. By maintaining a healthy operating reserve ratio (operating reserves ...

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