Board Financial Reports and Other Governance Issues-MIP Spotlight

We will be focusing each Module of the Month on a particular software module or application that helps our clients.  We are going to focus this article on the Abila MIP Report Writer to assist with board financial reports preparation.   You can use financial reports to assist the board with its financial governance role. This Module and Application allows our clients to do the following financial reports:

1. Statement of Revenues and Expenditures 
2. Combining Statement of Revenues and Expenditures
3. Statement of Revenues and Expenditures by Period
4. Balance Sheet
5. Combining Balance Sheet
6. Statement of Cash Flows
7. Statement of Financial Position
8. Statement of Activities
9. Statement of Functional Expense

Let us help you to maximize your use of the MIP financial reports writer application.   Our firm and staff use MIP Fund Accounting on a daily basis so let us help you maximize the use of this powerful application.

These financial reports can be customized to meet specific needs of nonprofit organizations.   The financial reports for board's typically include budget or historical information to allow for financial analysis.