Preparing for the year-end close can be a complex process for nonprofits, but understanding common pitfalls can make all the difference. Join us for a comprehensive training that will not only help you avoid critical mistakes and ensure a smooth financial close, but also set the stage for a successful new fiscal year, filled with opportunities and growth.

Participants will learn about:

1. 1099 Compliance: Many nonprofits mistakenly believe they are exempt from 1099 contractor rules. We will clarify when and why these forms are necessary to keep your organization compliant and avoid potential penalties.
2. Payroll: We will review the essential elements of payroll management, including state and federal tax compliance and accurate, timely processing.
3. Restricted Funds: We will cover best practices for accurately tracking and managing these funds over multiple fiscal years.
4. Full Balance Sheet Review: Ensure your balance sheet accounts match third-party documentation to maintain accuracy, reliability, and transparency in your financial statements.
5. Improving Annual Reports: Having your accounting framework set up correctly helps streamline the creation of annual reports. We will discuss how to simplify reporting and improve the quality of your financial disclosures.

This training qualifies for 1.8 CPE credits in Management Services. Please see below for full details on how to earn CPE.

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Participants will earn 1.8 CPE credits. To be awarded the full credit hours, you must be present, record your arrival and departure times on the attendance sheet at the registration desk, and participate in the engagement activity.

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• Field of Study: Management Services
• Prerequisites: Basic understanding of nonprofit finance and accounting.
• Advanced Preparation: None
• Training Level: Overview
• Delivery Method: Group Live 

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Refunds (minus a 25% handling charge) are available up to two business days prior to the training. Cancellations received after this time will not be refunded, but you may transfer your registration to another person who can attend. For more information on refunds, cancellations, or questions/concerns, please contact NAO’s Capacity Building Team at [email protected].   

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The Nonprofit Association of Oregon is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Cost

$45 for NAO Members
$75 for Nonmembers
This event is Network Pass eligible.

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