Financial Management

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Strategies  

  • Accounting
  • | Audit

Strategies: Best Practices for Coordinating the Annual Audit

It doesn’t have to be an exercise in frustration. Tips from a 20-year audit veteran.
3 min read
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5 Minutes with  

  • Accounting
  • | Risk Management

5 Minutes with Sarah Reichling and Jennifer Tingley: Under Control

When it comes to weaknesses in schools’ internal controls, these CPAs have seen it all. Here’s how to protect your school’s finances, reputation and future.
10 min read
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  • Employee Benefits
  • | Tax

No More Free Rides? Parking, Other Transportation Benefits Become Taxable

NetAssets.org web exclusive
2 min read
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Business Intelligence  

  • Endowment
  • | Investments

Business Intelligence: Back in Black: In 2017, Endowments Made up for Lost Years

Independent school endowment returns rose regardless of school size.
2 min read
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Risk & Compliance  

  • Planning
  • | Risk Management

Risk & Compliance: Developing a Business Continuity Plan

A comprehensive plan that enables a school’s core offerings to continue after an emergency can not only save time and money during the recovery, but also foster community and connections.
4 min read

CEO Notebook  

  • Leadership
  • | Planning

Good Data and Good Judgment: a Dynamic Duo

Leaders today struggle to strike the right balance between using data, intuition and judgment when making decisions. 
3 min read
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  • Gift
  • | Investments
  • | Planning

Windfalls, with Strings This item is protected.

From the archives: Unexpected donations present schools with wonderful opportunities, and sometimes challenges. “It’s really hard to turn down big money.”
10 min read
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Risk & Compliance  

  • Gift

Risk & Compliance: A Potential Break on Donor Reporting

Little-known rule lets qualifying schools limit donor reporting to contributions larger than the standard $5,000 threshold.
3 min read
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  • Governance
  • | Planning

A Tool for Sparking More Informed Decisions, Better Board Conversations

Why should business officers take the time to enter data into BIIS (Business Intelligence for Independent Schools), NBOA’s new data collection and reporting platform? Besides the fact that it was built for business offic
4 min read
  • Accounting
  • | Cash Management

Accounting Standard Updates Impact Leases and Restricted Cash

3 min read
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  • Accounting
  • | Reports

Implementing the New Accounting Standards: Revenue Recognition and Financial Reporting This item is protected.

Nonprofit independent schools must address two accounting standard updates, one before the start of the new fiscal year and the other the year after, in most cases.
10 min read
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  • Financing
  • | Tax

Corporate Tax Change Could Make Schools' Tax-Exempt Bonds Taxable

Schools should closely examine their bank-based tax-exempt financing to determine if tax changes triggered a reissuance. 
3 min read
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  • Leadership
  • | Planning

The Interim CFO

This person can be a “three-fer,” providing leadership in the business office, the perspective of a consultant and guidance in the hiring of the new CFO.
12 min read
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Business Intelligence  

  • Budget
  • | Planning

Business Intelligence: Time to Tighten the Belt? This item is protected.

Initial reporting from BIIS data-collection platform reveals modest declines in schools’ financial footing. Is the trend real — or a temporary illusion?
3 min read
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  • Human Resources
  • | Tax

Withholding Guidance Changes Following Tax Overhaul

But W-4s will likely not change for at least another year. 
2 min read
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  • Debt
  • | Regulatory Updates
  • | Tax

NBOA Alert: Final Tax Bill Spells Some Relief for Independent Schools

Independent schools might breathe a small sigh of relief in reviewing the final compromise version of the sweeping tax overhaul legislation released December 15 by the House and Senate conference committee. The 1,097-pag
4 min read
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  • Tax

School Groups Outline 5 Key Issues Involving Tax Overhaul

The GOP rush toward major tax legislation accelerated last night when Alabama GOP Senate candidate Roy Moore lost in an upset to Democrat Doug Jones, adding to pressure on the party to notch a legislative win. In a final
2 min read
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  • Debt
  • | Financing

Interest on Tax-Exempt Debt and Loans Could Increase in 2018

Experts believe the final version of the federal tax bill that reconciles the House and Senate versions will likely pass by year's end. Details are uncertain, but it is likely that tax-exempt lending will take a hit.
2 min read

CEO Notebook  

  • Facilities
  • | Planning

On the Ground with Facilities Leaders

Our facilities colleagues have a lot to teach us. Bring them to the decision-making table sooner rather than later.
3 min read
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  • Tax

Tax Overhaul's Impact on Independent Schools Still Uncertain

The final version of the GOP tax bill will likely contain at least some new legislation that could harm the financial health of independent schools. The Senate bill, passed early Saturday morning, will next be reconciled
4 min read

ON THE HORIZON

15

years is the target ceiling for a school plant's financial "age."

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