About Laura Reifschlager

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So far Laura Reifschlager has created 17 blog entries.

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 …

Show me the Money: The Statement of Financial Position


The statement of financial position required for nonprofits by FASB Statement 117 is similar to the balance sheet which we discussed in a previous article in this series. The statement of financial position addresses the restriction in net assets that the balance sheet does not. The balance equation is still the same:

Assets = Liabilities + Net Assets

This …

Bank Reconciliation Made Easy: Part II


This post is a follow up to my blog, Bank Reconciliation Made Easy: Part I.  In Part I, I explain how to spot differences between your bank and cash balances and how to handle them.

No time to read Part I? Then know reconciling a bank statement is simply comparing your organization’s cash records to the …

Bank Reconciliation Made Easy: Part I


Is reconciling the bank statement a task that causes you to shudder? Do you procrastinate reconciling the cash records to the monthly bank statement? Ideally, reconciling the bank statement is a task accomplished through specialized accounting software; however, understanding the underlying principles will lead to more accurate transactions entries and a bank reconciliation process that …