nonprofit accounting
6 Things to Consider When Choosing Your Nonprofit’s Year-End
Running a nonprofit organization is a rewarding process. But, just like any other business venture, there are decisions to be…
9 Steps to Manage the Next Nonprofit Crisis
If we have learned anything from the pandemic, it is that there is no way to know what is coming…
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…
Why Your Nonprofit Board Needs An Audit Committee
Successful nonprofits must maintain a level of transparency with the public, their members, and their supporters so they can continue…
Evaluating A New Nonprofit Program
What Is Program Evaluation? As new nonprofit organizations grow and thrive it is important to make sure the actions of…
Compliance Considerations Related to NFP Gaming Activities
Not-for-profits (NFP) are constantly coming up with creative new ways to fundraise. A great way to raise funds quickly is…
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…
Healthcare Accounting Model for Government Grants
Healthcare accounting applies to for-profit and nonprofit healthcare businesses as well as government-run healthcare facilities. While governmental and nongovernmental entities…
What Is Cryptocurrency And Why Does It Matter To Nonprofit Organizations?
Cryptocurrency Defined Cryptocurrency, or crypto, is a digital asset that can be used to buy goods and services and even…
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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RECENT POSTS
Nonprofit Balance Sheet (or Statement of Financial Position)
ASU 2014-09: A Summary of Revenue Recognition for Not-for-Profit Organizations
What Is Earned Revenue In Accounting?
Bank Reconciliation Statement: What It Is & Why It’s Important
Tracking Grant Expenditures: Important & Best Practices for Nonprofits
What Are The Benefits Of Outsourced CFO Services?