Preview of Article:
Development and accounting information disagrees?
Here is the solution!
By Eric Fraint, President and Founder
Your Part-Time Controller, LLC
Has this ever happened to you?
Your finance committee meets. The committee members are presented with a packet of information that includes financial reports prepared by your accounting department and reports prepared by your development department. As your committee reviews these reports they notice that the donor grants and contributions from your accounting department do not agree with the revenue numbers from your development department. Questions are asked, the staff tries to explain, and everyone is bewildered.
Shouldn't the two sets of reports contain the same information? Is one set of reports right and the other wrong?
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