accounting and reporting
What’s New with Sage Intacct?
Sage Intacct has quickly become one of the most purchased software solutions for nonprofit organizations everywhere. It is not surprising…
Overview of State Charitable Solicitation Registration Requirements (Bonus: Tips for Staying Compliant)
Nonprofit organizations operate on the concept of accountability. While the tax-exempt status that 501(c) organizations and other nonprofits receive come…
How To Disclose the Impact of Covid-19 on your Organization’s Financial Reporting
Nonprofit organizations exist to serve their communities, members, and neighbors. Local churches, schools, shelters, humane societies, and kids’ clubs are…
Regulatory Requirements for Contribution Revenue of Nonprofit Organizations
Nonprofits earn income from a number of sources so that the revenue can be used to fund the organization’s mission.…
The Basics of Unrelated Business Income Tax (UBIT) and What Nonprofit Organizations Need to Know
One benefit of being designated a nonprofit organization is being exempt from paying income taxes. Many nonprofits that have approved…
4 Best Practices for Nonprofit Mergers and Acquisitions
Mergers and acquisitions (M&A) are commonly included in an organization’s growth strategy. For-profit companies can use mergers and/or acquisitions to…
5 Metrics To Use To Track Your Nonprofit’s Financial Health
The financial health of nonprofit organizations is an important indicator of their success. Measuring financial health can help an entity…
Religious Organizations’ Post-Pandemic Future and Recovery
COVID-19 changed the world. Religious organizations and other nonprofits, as well as for-profit industries, found themselves facing uncertainty in the…
Updates on the Presentation and Disclosures of Gift-in-Kind Transactions
The FASB issued Accounting Standards Update (ASU) 2020-07 in September of 2020. The purpose of the update is to provide…
Updates on FASB’s Lease’s Standard and How to Implement It
Introduction The FASB issued Accounting Standards Update (ASU) No. 2016-02, Topic 842, on February 25, 2016. The update on FASB…
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