CAN's finance and accounting programs are designed to to measurably improve the accuracy, consistency and clarity of financial reporting, thus reducing time and financial costs and improving accountability and public trust in California's nonprofit sector.

Another goal of this program is to promote a dialog and create a community of nonprofit finance professionals so please post questions and comments!

Monday, December 04, 2006

A Recent Question: Fiscal Years

I was emailed this question a while back, "Among nonprofits, is there a preference for using a calendar year over non-calendar fiscal year. If yes, why?" I wrote back that I have asked other about this and I was told no, there is no real preference in general.

Some groups may have their own reasons for wanting a particular fiscal year based on their own operations, maybe they want their year to end shortly after a big event. Anybody ever heard anything else?

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