Introduction For non-profit organizations, one of the most significant challenges is effectively allocating costs. Proper cost allocation is essential for accurately reporting financial information and ensuring compliance with funding requirements. At Rakoty Accountants, we understand the complexities non-profits face when it comes to cost allocation, and we’re here to help. In this guide, we’ll discuss […]

Introduction If you are a non-profit leader, understanding the importance of your accounting method is crucial, especially when it comes to transparency and compliance with regulations. At Rakoty Accountants, we highly recommend that non-profits switch from cash basis accounting to accrual basis accounting, particularly if you receive government funding or are subject to audits. In […]