​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​Audit​ Readiness

Budgeting​​​​

The audit is not just about complying with the law. It can be an important tool for understanding and communicating your organization’s financial results ​and health. Use the tools here to help you prepare for the audit and keep ​track of capital and restricted assets.

Self-Assessment: Internal Controls Checklist

​This resource outlines 58 items critical to effective internal controls, including cash management, payroll, fixed assets, financial statements and more.​​

Find an Auditor

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​​This thorough guide provides all the materials you will need to conduct your research and selection process for an independent audit firm, including overall suggestions, a request-for-proposal template, an interview guide and sample selection criteria.​​

Know your State Law Nonprofit Audit Requirements

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​This regularly updated website, maintained by the National Council of Nonprofits, provides an overview of state law requirements regarding nonprofit audits, as well as links to relevant statutes for each state.​​

Temporarily Restricted Net Asset Schedules

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​​Use this tool to monitor your organization’s temporarily restricted net assets (TRNA) and releases from restriction on either a quarterly or monthly basis.​

The template tracks beginning TRNA balances, additions, releases and ending balances for funding sources as well as programs.

​Note: there are two versions of the tool available—one for releasing restrictions on a quarterly basis and one for releasing restrictions on a monthly basis. Please choose the tool that reflects your organization’s practice.

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Download a Version of the Tool
For more ideas, browse and download related guidance, tools, tip sheets, and samples

Monthly Restricted-Net-Asset Schedule

This template can be used for monitoring an organization’s temporarily restricted net assets and releases from restriction on a quarterly or monthly basis.

Download EXCEL - Monthly (.xlsx)
Quarterly Restricted-Net-Asset Schedule

Template for monitoring an organization’s temporarily restricted net assets and releases from restriction on a quarterly basis.

Download EXCEL - Quarterly (.xlsx)

Fixed Asset and Depreciation Schedule

​​Use this excel tool to track your organization’s fixed assets and annual depreciation estimates.​

Next Steps: Governance and Strategy

Your audited financial statements are a good basis for planning for the future—see the Governance and Strategy​ resources to inspire some long-term thinking about your organization’s financial direction.

Explore the Toolkit by Topic