nonprofit organization
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…
What Is Fiscal Sponsorship? (A Nonprofit’s Beginner’s Guide)
One way nonprofit organizations secure funding is through fiscal sponsorships. Nonprofits engage in fiscal sponsorship by providing services to projects…
How To Create and Update Your Organization’s Policies for An Effective Board
Nonprofit organizations exist to serve their members or the community. Achieving the mission or missions of the organization is the…
9 Accounting Services That Your Nonprofit Organization Need to Outsource Now
Running a successful organization requires excellent decision-making skills. Leaders of healthy organizations all share one ability: knowing when to outsource.…
New Statements on Auditing Standards and How It Affects Nonprofit Audit Reports
Auditing standards do not generally affect an organization when it comes to daily operations. However, it is important for nonprofit…
Allocation of Functional Expenses (A Nonprofit’s Guide)
Nonprofit entities differ from for-profit companies because they must focus on accountability, rather than profitability. With accountability comes regulations about…
Are You Outgrowing QuickBooks? 9 Telltale Signs That It’s Time to Upgrade to Sage Intacct
Many freelancers, partnerships, and other small businesses turn to QuickBooks for their accounting software needs. QuickBooks has earned its reputation…
Sage Intacct vs. QuickBooks: Which Accounting Software Is Best To Scale Your Business?
Running a business can be stressful, but there are many options available to make the process as smooth as possible.…
Invoicing Tips for Nonprofit Organization
What Is An Invoice? Invoices are essential to all businesses, including nonprofit organizations, because they coordinate payment collection. An invoice…
Measuring Fundraising Success
Donations make up a large portion of a nonprofit organization’s income, which funds the mission. But how can your nonprofit…
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