nonprofit accounting

Understanding Cost Allocation Methods: A Comprehensive Guide for Nonprofit Leaders
The financial health of a nonprofit organization is often seen as a barometer of its capacity to deliver on its…
Nonprofit Accounting Basics: Understanding Accounts Payable Cycle
The accounts payable (AP) cycle is the process of tracking and paying bills for goods and services that a nonprofit…
Navigating Times of Economic Uncertainty: Tips for Nonprofit Budgeting
Nonprofit organizations face many challenges during periods of economic uncertainty. These periods require them to budget effectively in a volatile…
Nonprofit Balance Sheet (or Statement of Financial Position)
Nonprofit organizations do not have the same financial reporting requirements as for-profit businesses. Since nonprofits operate for the purpose of…
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…
Bank Reconciliation Statement: What It Is & Why It’s Important
Having an effective accounting process in your nonprofit organization allows nonprofits to stay transparent and accountable. Keeping track of daily…
Tracking Grant Expenditures: Important & Best Practices for Nonprofits
If your nonprofit organization has been approved for grant funding, congratulations. Grants can be the driving force behind carrying out…
What Are The Benefits Of Outsourced CFO Services?
We’ve talked before in our blog about outsourcing bookkeeping and other accounting services, but many nonprofit organizations don’t know that…
Is Outdated Technology Costing Your Nonprofit Association?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…