About Laura Reifschlager

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So far Laura Reifschlager has created 13 blog entries.

Profile of a Nonprofit Fraudster


The headlines reflect these realities: Ex-Mountain State Justice Office Manager Admits Stealing More Than $1.5 million; Trusted Assistant Steals $365,000 from Not-for-Profit; Comptroller, Horse Lady and Crook.

Nonprofit organizations – generally established for benevolent purposes – fall prey to fraud at an alarming rate. The 2016 global fraud report, Report to the Nations on Occupational Fraud and Abuse, released …

Nonprofit Fraud Facts From the 2016 Global Fraud Study


I once worked at a big box home store during a Christmas season. My biggest surprise was how many people steal and how clever they can be with their deception.

Fraud for nonprofits is even more devastating. Bad publicity and possible loss of funding are consequences of nonprofit fraud. In 40 percent of fraud cases, …

Are Internal Controls Really Necessary at Nonprofits?


I once had the responsibility of auditing a $10,000 petty cash fund, monthly.  The cash was kept locked in a safe in the supply closet. The clerk responsible for reimbursing expenses to employees watched me as I counted the cash and added up the receipts, a task she considered a great waste of her time …

How to Obtain a Top-Notch Audit


“The auditors are coming! The auditors are coming!” The news is not quite as harrowing as “The Redcoats are coming!” was to American Revolutionaries, but as an employee of a nonprofit that’s being audited – your palms will sweat! The presence of auditors in the workplace is, at a minimum, a disruption of your workflow.  …

Creating a Paperless Workplace


As you sit at your cubicle with piles and piles of paperwork that make you feel more effectively buried than an ancient artifact, you have to wonder, what happened to the paperless office?

Wasn’t there supposed to be a revolution that eliminated unnecessary waste?

Since a 1975  article in Business Week  quoted George E. Pake, then …

Cutting Through the Legalese of the Affordable Care Act


Passed into legislation in March 2010, the Patient Protection and Affordable Care Act (PPACA) – more commonly known as the Affordable Care Act (ACA ) – contains the most sweeping reforms of the United States healthcare system since the 1965 passage of Medicare and Medicaid. The reforms, intended to increase the quality and affordability of …

Giving Thanks All Year Long


Giving and Showing Thanks Year ‘Round

Thanksgiving is a time when we stop to reflect on all we have to be grateful for, from family and friends, to employers, police officers and doctors. At this time of year, many people also choose to show their appreciation and support for charities, nonprofits and foundations that have helped …

Forward Together!


It was a packed and excited room of conference attendees that greeted Abila CEO, Krista Endsley when she took the stage this morning. You could feel the anticipation in the air – after all, the first keynote of the first conference of a new company is a big thing. The music pumped, the audience waved …

Abila Moves Forward Together


Abila Moves Forward Together

As day one of the first annual Abila user conference, Forward Together, draws to a close, it’s time to reflect on what a full and exciting day it’s been. The level of enthusiasm and interest has exceeded our expectations. With inspiring keynotes, interesting sessions, and most of all seeing conference attendees catching …

Show me the Money: Cash Flow Statements


Financial Statement Series

When I served as a business administrator, a board member asked me during a meeting why the surplus revenue did not match the cash balance. I sighed inwardly (OK, I groaned) and wondered how I could explain the difference between Excess Revenue over Expenditures and the bank balance in 10 minutes in front …