September 2, 2020

Recognizing Revenue from Contracts with Customers

September 2, 2020

The new revenue recognition standard, ASU 2014-09, will be effective for non-public entities with annual reporting periods beginning on or after December 15, 2019.

Sherry Jansen

August 12, 2020

How-To Guides, Ask Your Accountant, Bookkeeping Basics

How to Create a Cash Flow Projection

Sherry Jansen

August 12, 2020

How-To Guides, Ask Your Accountant, Bookkeeping Basics

Cash flow projections can help you estimate the amount of cash your organization will have on hand at a certain time.

Ryan Hagan

June 22, 2020

Ask Your Accountant, Tax

SBA Releases Updated and EZ Application Forms for PPP Loan Forgiveness

Ryan Hagan

June 22, 2020

Ask Your Accountant, Tax

The SBA has released a new, simplified EZ application for PPP loan forgiveness. Does your nonprofit meet one of the requirements to file the EZ application?

Ryan Hagan

June 10, 2020

Ask Your Accountant, Tax

Paycheck Protection Program Flexibility Act of 2020

Ryan Hagan

June 10, 2020

Ask Your Accountant, Tax

A brief overview the guidance and clarity offered by the Paycheck Protection Program Flexibility Act of 2020, and how this bill may affect nonprofit organizations who received PPP loans.

Ryan Hagan

May 18, 2020

Ask Your Accountant, Tax

SBA Releases the Paycheck Protection Program (PPP) Loan Forgiveness Application

Ryan Hagan

May 18, 2020

Ask Your Accountant, Tax

On May 15, 2020, the Small Business Administration released an application form and related instructions to be used when requesting forgiveness of PPP loan amounts received by employers under the CARES Act.

Nichole Krebiehl

April 30, 2020

Ask Your Accountant, Grants and Donations

Accounting for Special Event Revenue and Contributions

Nichole Krebiehl

April 30, 2020

Ask Your Accountant, Grants and Donations

Recognizing revenue from special events - like fundraising galas and banquets - can be more complicated than it seems.

Sarah Ellsworth

March 3, 2020

Ask Your Accountant, Nonprofit Management

From the Archives: Financial Reserves for Nonprofit Organizations

Sarah Ellsworth

March 3, 2020

Ask Your Accountant, Nonprofit Management

While insufficient reserves can put an organization at risk, excessive reserves can pose problems as well.

Sarah Ellsworth

February 5, 2020

Ask Your Accountant, Grants and Donations

Identifying In-Kind Contributions (Infographic)

Sarah Ellsworth

February 5, 2020

Ask Your Accountant, Grants and Donations

Need a quick reference guide for in-kind contributions? We’ve got you covered!

Sarah Ellsworth

January 28, 2020

Ask Your Accountant, Grants and Donations

Identifying In-Kind Contributions

Sarah Ellsworth

January 28, 2020

Ask Your Accountant, Grants and Donations

Some in-kind (or non-cash) contributions can be difficult to identify and record. But by following a few basic rules and being aware of the most common types of in-kind donations, you can ensure that the value of these contributions are captured in your financial records.

Sarah Ellsworth

January 24, 2020

Ask Your Accountant, Nonprofit Management

Why Nonprofits Need A Capitalization Policy

Sarah Ellsworth

January 24, 2020

Ask Your Accountant, Nonprofit Management

When your organization buys a new computer, is that an asset or an expense? Your capitalization policy will help you determine how to properly account for each purchase.

Julie Seger

January 10, 2020

Ask Your Accountant

How To Allocate Functional Expenses for Nonprofit Organizations

Julie Seger

January 10, 2020

Ask Your Accountant

Nonprofit organizations are now required to allocate their expenses by “function” - or the purpose for which they were incurred.

Sarah Ellsworth

December 11, 2019

Bookkeeping Basics, Ask Your Accountant

Year-End Checklist for Nonprofit Accounting

Sarah Ellsworth

December 11, 2019

Bookkeeping Basics, Ask Your Accountant

Is year-end catching you by surprise? Whether or not your fiscal year ends on December 31st, there are many financial tasks that need to be completed during this busy time of year.

Sarah Ellsworth

October 23, 2019

Bookkeeping Basics, Ask Your Accountant

A Sample Chart of Accounts for Nonprofit Organizations

Sarah Ellsworth

October 23, 2019

Bookkeeping Basics, Ask Your Accountant

A chart of accounts is a numbered list that organizes your financial activity into different categories within your accounting system. Every nonprofit has a unique chart of accounts, but most follow the same general guidelines and numbering conventions.

Sarah Ellsworth

October 4, 2019

Nonprofit Management, Ask Your Accountant

Accounting for Humane Societies and Animal Shelters

Sarah Ellsworth

October 4, 2019

Nonprofit Management, Ask Your Accountant

Humane Societies and other animal shelter and rescue organizations have unique accounting needs based on the nature of the services they provide to humans and animals alike.

Nichole Krebiehl

August 7, 2019

Ask Your Accountant, Grants and Donations

Revenue Recognition for Nonprofit Grants

Nichole Krebiehl

August 7, 2019

Ask Your Accountant, Grants and Donations

What happens if your organization is awarded a grant in December, but the check doesn’t arrive until January?

Julie Seger

March 20, 2019

Ask Your Accountant, Tax

Sponsorship Revenue or Advertising Revenue: Do You Know the Difference?

Julie Seger

March 20, 2019

Ask Your Accountant, Tax

Sponsorships and advertising are treated very differently by the IRS. If your nonprofit organization isn’t careful, you might wind up with additional tax complications that you weren’t expecting.

Ryan Hagan

March 5, 2019

Ask Your Accountant, Tax

New Rules for Qualified Transportation Fringe Benefits for Nonprofit Organizations

Ryan Hagan

March 5, 2019

Ask Your Accountant, Tax

The bad news: Under the Tax Cuts and Jobs Act of 2017, nonprofit are subject to new taxes and penalties on employee parking benefits. The good news: You may be able to reduce or remove this tax and avoid penalties - but you must take action by March 31, 2019!

Sarah Ellsworth

February 1, 2019

Nonprofit Management, Ask Your Accountant

Accounting for Waldorf Schools & Other Nonprofit Private Schools

Sarah Ellsworth

February 1, 2019

Nonprofit Management, Ask Your Accountant

Nonprofit private schools - like Waldorf schools and Montessori schools - have their own unique accounting needs and complexities.

Sarah Ellsworth

November 28, 2018

Ask Your Accountant, Tax

Adjusting to New Trends in Philanthropy

Sarah Ellsworth

November 28, 2018

Ask Your Accountant, Tax

The changing philanthropic landscape will require a new approach and careful financial planning from nonprofit organizations.

Ryan Hagan

September 25, 2018

Ask Your Accountant, Tax

Lumping Donations for Tax Purposes: Donor-Advised Funds, Charitable Gift Annuities, and Charitable Remainder Trusts

Ryan Hagan

September 25, 2018

Ask Your Accountant, Tax

Due to tax reform, donors may decide to make adjustments to the timing of their charitable giving.

Recognizing Revenue from Contracts with Customers

How to Create a Cash Flow Projection

SBA Releases Updated and EZ Application Forms for PPP Loan Forgiveness

Paycheck Protection Program Flexibility Act of 2020

SBA Releases the Paycheck Protection Program (PPP) Loan Forgiveness Application

Accounting for Special Event Revenue and Contributions

From the Archives: Financial Reserves for Nonprofit Organizations

Identifying In-Kind Contributions (Infographic)

Identifying In-Kind Contributions

Why Nonprofits Need A Capitalization Policy

How To Allocate Functional Expenses for Nonprofit Organizations

Year-End Checklist for Nonprofit Accounting

A Sample Chart of Accounts for Nonprofit Organizations

Accounting for Humane Societies and Animal Shelters

Revenue Recognition for Nonprofit Grants

Sponsorship Revenue or Advertising Revenue: Do You Know the Difference?

New Rules for Qualified Transportation Fringe Benefits for Nonprofit Organizations

Accounting for Waldorf Schools & Other Nonprofit Private Schools

Adjusting to New Trends in Philanthropy

Lumping Donations for Tax Purposes: Donor-Advised Funds, Charitable Gift Annuities, and Charitable Remainder Trusts

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