Andrea Lawrence - Hyatt, CPM

Donors, boards, and the IRS expect transparency. That’s where fund accounting comes in. Whether you’re just starting out or managing millions in grants, fund accounting helps you: - Track restricted and unrestricted funds - Stay compliant with donor and IRS requirements - Avoid overspending and reporting errors - Build trust with every dollar New on the Crowded blog (linked in comments): A Plain-Language Guide to Fund Accounting—including what it is, why it matters, and how to do it without spreadsheets or stress. #FundAccounting #NonprofitFinance #NonprofitAccounting #FinancialTransparency #DonorTrust #NonprofitLeadership #AuditReady #CrowdedFinance #NonprofitCompliance

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In response to policy changes resulting from negotiated rulemaking under the One Big Beautiful Bill Act, NASFAA has developed two new planning and implementation checklists: ✅ Accountability Framework Planning & Implementation Checklist ✅ Federal Pell Grant Changes Planning & Implementation Checklist These resources are designed to help financial aid offices prepare for and implement the upcoming changes. You can find both checklists in our One Big Beautiful Bill Act Web Center at nasfaa.org/ob3.

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NEW AUDIT OVERSIGHT REPORT: The U.S. Small Business Administration, Office of Inspector General is issuing this evaluation report to share our review of U.S. Small Business Administration’s (SBA) history of disclaimers and material weaknesses from fiscal years 2020 to 2024, open recommendations, and SBA’s new strategy for addressing material weaknesses and obtaining a clean audit opinion. You may read the report at: https://lnkd.in/eW5-ZcEU SBA’s accounting deficiencies were primarily related to administering an unprecedented amount of disaster assistance aid and guaranteed loan funds to help eligible small business owners and entrepreneurs adversely affected by the pandemic. Over the course of 18 months, the agency delivered 22.1 million pandemic assistance loans and grants, totaling $1.2 trillion. To address the systemic financial reporting deficiencies, SBA launched its Financial Statement Audit Remediation Strategy in January 2025 to resolve the seven material weaknesses and 56 open audit recommendations. Our office made four recommendations to enhance implementation of SBA’s financial statements remediation strategy. We recommended the Administrator appoint a senior executive to lead the effort and emphasize audit remediation priorities through consistent agencywide communication. Our office also recommended that the remediation strategy be incorporated into SBA’s next strategic plan and individual performance plans to ensure accountability. SBA management agreed with all four recommendations. #SBAOIG #Financials #AuditOversight

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The New Jersey Society of CPAs Emerging Leaders Council is sponsoring the 2025 food drive to benefit the Community FoodBank of New Jersey which works to provide support to more than 1,600 agency programs in the fight against hunger and poverty. https://lnkd.in/eiaWcrNg #NJCPA #FoodDrive #GiveBack #NJ #NewJersey

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