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Monthly accrual (yes or no)


ILLMAS

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I wouldn't worry about this for a nonprofit. I also would not report monthly for a nonprofit. Every nonprofit in my town that I became treasurer for (including my Quaker meeting), I switched from monthly to quarterly, because nonprofits have so much variability from month to month, it was meaningless and confusing to review monthly. It was a waste of the everyone's time to do monthly financials, and left people more confused than informed.

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I agree with Abby, and if the payroll is fairly consistent from pay to pay, the accrual probably doesn't materially change that expense or the overall reporting anyway. If that is the case, I would book accruals and reversals only for final year-end reporting.

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