outsourced accounting services
A Guide to a Nonprofit Organization’s Form 990 Obligations
Many nonprofit organizations receive tax-exempt status from the Internal Revenue Service (IRS). While this means that the organization does not…
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…
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…
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.…
Why Sage Intacct Is The Best Accounting Software For Your Nonprofit Organization
Accounting is an essential function in all businesses. Regardless of the age, size, or type of company, financial transactions must…
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…
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