The audit is not just about complying with the law. It can be an important tool for understanding and communicating your organization’s financial results and health. Use the tools here to help you prepare for the audit and keep track of capital and restricted assets.
Self-Assessment: Internal Controls Checklist
This resource outlines 58 items critical to effective internal controls, including cash management, payroll, fixed assets, financial statements and more.
Find an Auditor
This thorough guide provides all the materials you will need to conduct your research and selection process for an independent audit firm, including overall suggestions, a request-for-proposal template, an interview guide and sample selection criteria.
Know your State Law Nonprofit Audit Requirements
This regularly updated website, maintained by the National Council of Nonprofits, provides an overview of state law requirements regarding nonprofit audits, as well as links to relevant statutes for each state.
Restricted Net Asset Schedules
Use this tool to monitor your organization’s restricted net assets and releases from restriction on either a quarterly or monthly basis.
The template tracks beginning restricted net asset balances, additions, releases and ending balances for funding sources as well as programs.
Note: there are two versions of the tool available—one for releasing restrictions on a quarterly basis and one for releasing restrictions on a monthly basis. Please choose the tool that reflects your organization’s practice.
Download a Version of the Tool
Fixed Asset and Depreciation Schedule
Use this excel tool to track your organization’s fixed assets and annual depreciation estimates.
Next Steps: Governance and Strategy
Your audited financial statements are a good basis for planning for the future—see the Governance and Strategy resources to inspire some long-term thinking about your organization’s financial direction.
Explore the Toolkit by Topic
Plan, design and build your organization's operating budget to deliver on your mission effectively and sustainably
Forecast and monitor cash flow to ensure you have the money you need when you need it
Ensure your finance office operations run efficiently and effectively
Data and Analysis
Visualize and understand what your numbers mean
Prepare for your audit and maintain audit readiness throughout the year
Governance and Strategy
Employ big-picture thinking to connect your financial resources with mission goals