Is Your Nonprofit’s Fiscal Year-End Coming Up? Here’s How to Get Ready

Written By Danica Villaremo

June/July = Crunch Time for Many Nonprofits

If your nonprofit’s fiscal year ends in summer, June is about preparation.

Fiscal Year-End Checklist

  • Reconcile all bank and credit accounts.

  • Review grant balances and restricted funds.

  • Prepare accrual entries (deferred revenue, prepaid expenses).

  • Draft board reports for final review.

  • Start audit prep if required.

Why It Matters

Closing strong ensures:

  • Smoother audits.

  • Better strategic planning.

  • Stronger case for funding renewals.

Need with Getting Audit-Ready?

Get audit-ready and close the year with confidence. Accountants 4 Causes can guide your nonprofit every step of the way.

Learn more
Danica Villaremo
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Budget Season Made Simple: A Nonprofit Leader’s Guide