accounting and reporting
ASU 2014-09: A Summary of Revenue Recognition for Not-for-Profit Organizations
The Financial Accounting Standards Board (FASB) is the agency in charge of monitoring, revising, and enforcing accounting practices in the…
What Is Earned Revenue In Accounting?
One of the most frequent requests we hear from clients looking for financial services is to be sure they are…
What Is A Statement of Activities for Nonprofits?
Running a nonprofit organization requires talent, hard work, and determination. There are many moving pieces to success including managing people,…
A Step-by-Step Guide to the Nonprofit Organization’s Accounts Receivable Process
Every nonprofit is a unique organization. Nonprofits exist to serve a purpose beyond generating profit. It is a common misconception…
Understanding The Nonprofit Annual Report (The Basics + Downloadable Template)
Nonprofit organizations are treated differently from for-profit companies by governing and taxing authorities because they are different. Nonprofits exist to…
What Is A Statement of Financial Position?
Running a nonprofit organization is no simple task. Between grant management, organizing fundraisers, collecting membership dues, and scheduling volunteers, every…
Do Nonprofit Organizations Have Profit and Loss Statements?
Nonprofit organizations, by definition, operate with the principle of focusing on accountability, not profitability. Nonprofit organizations do not actually generate…
6 Best Practices for Accounts Receivable Collections
An organization’s accounts receivable (AR) balance is made up of the money that is owed to the business but not…
Is Outdated Technology Costing Your Nonprofit Association?
Membership and association nonprofit organizations are created to serve a purpose beyond a profit. They exist to help their members…
4 Best Practices for Overcoming Multi-Entity Accounting Challenges
As a nonprofit organization, you likely have multiple legal entities that operate independently but are related in some way. This…
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ASU 2014-09: A Summary of Revenue Recognition for Not-for-Profit Organizations
What Is Earned Revenue In Accounting?