outsourced accounting services
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 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…
Outsourced CFO Services: What They Do and Why Your Organization Needs Them
Nonprofit organizations are unique. Unlike private companies, nonprofits set out to achieve a purpose greater than generating revenue. However, just…
How To Prepare a Cash Flow Statement for Your Nonprofit Organization
Staying on top of the financial health of your nonprofit organization can feel like a full-time job, but it doesn’t…
Making Accurate and Feasible Financial Projections for Your Nonprofit Organization (The Basics)
Running a nonprofit organization is a rewarding experience, but it is also one that comes with great responsibility. In addition…
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…
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…
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Nonprofit Balance Sheet (or Statement of Financial Position)
ASU 2014-09: A Summary of Revenue Recognition for Not-for-Profit Organizations