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Home
About
About Us
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Audit and Review
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The Altruic Advisor

A Nonprofit Accounting Blog

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.

Sarah Ellsworth
January 17, 2020
Tax

Good News for Nonprofits: Repeal of Tax on Transportation Benefits

Sarah Ellsworth
January 17, 2020
Tax

Great news! Congress has retroactively repealed the unrelated business income tax (UBIT) on qualified transportation fringe benefits - a relief for many nonprofit organizations.

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 31, 2019
Other

Nonprofit New Year’s Resolutions

Sarah Ellsworth
December 31, 2019
Other

What goals are you setting to ensure the financial stability of your nonprofit organization?

Sarah Ellsworth
December 20, 2019
Other

From the Archives: The Nonprofit Accountant's Holiday Wish List

Sarah Ellsworth
December 20, 2019
Other

What’s on your accountant’s wish list this holiday season?

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
December 6, 2019
Bookkeeping Basics, Virtual Accounting

How To Streamline Expense Reports for Nonprofits

Sarah Ellsworth
December 6, 2019
Bookkeeping Basics, Virtual Accounting

Keep your organization’s reimbursement process from becoming overly complicated and inconvenient.

Sarah Ellsworth
November 27, 2019
Altruic Advisors

A Thank-You To Nonprofits

Sarah Ellsworth
November 27, 2019
Altruic Advisors

At Altruic Advisors, we’re most thankful for the nonprofit organizations we serve.

Traci Carson
November 19, 2019
Bookkeeping Basics, Nonprofit Management

Back To Basics: Nonprofit Statement of Financial Position

Traci Carson
November 19, 2019
Bookkeeping Basics, Nonprofit Management

Your organization’s Statement of Financial Position - or balance sheet - provides a snapshot of where you stand financially at a specific moment in time.

Sarah Ellsworth
November 5, 2019
Grants and Donations

How To Write a Donor Acknowledgement Letter

Sarah Ellsworth
November 5, 2019
Grants and Donations

For contributions exceeding $250, the IRS requires nonprofit organizations to provide a formal donor acknowledgement letter.

Sarah Ellsworth
October 30, 2019
Other

Accounting Horror Stories: 10 Things That Scare Your CPA

Sarah Ellsworth
October 30, 2019
Other

These spooky situations are all too common at many nonprofit organizations - but they still send chills up our spine!

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.

Julie Seger
October 16, 2019
Audits and Reviews

3 Tips To Make Your Nonprofit Audit Less Scary

Julie Seger
October 16, 2019
Audits and Reviews

October is full of spooky, scary things - but your audit shouldn’t be one of them!

Sarah Taylor
October 9, 2019
Other

How To Get Kids Involved in Volunteering

Sarah Taylor
October 9, 2019
Other

It’s never too early for children to learn the value of volunteering!

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.

Sarah Ellsworth
September 25, 2019
Audits and Reviews

Nonprofit Audit vs. Review

Sarah Ellsworth
September 25, 2019
Audits and Reviews

Which one is better for your nonprofit organization?

Darcy Ehrig
September 18, 2019
Other

How To Prepare For a Leave of Absence From Work

Darcy Ehrig
September 18, 2019
Other

With strong systems and clear communication, a leave of absence doesn’t have to mean disaster.

Sarah Ellsworth
September 11, 2019
Bookkeeping Basics

From the Archives: 10 Ways To Prep For Year-End

Sarah Ellsworth
September 11, 2019
Bookkeeping Basics

The new year will be here before you know it! Take this time to get a head start on all of your year-end tasks.

Hanna Lehman
September 4, 2019
Nonprofit Management, Internal Controls

Why Nonprofit Organizations Need a Code of Ethics

Hanna Lehman
September 4, 2019
Nonprofit Management, Internal Controls

Combined with strong internal controls, a formal code of ethics can help create an environment in which fraudulent behavior is clearly unacceptable and easier to spot if it occurs.

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Categories

  • Altruic Advisors 46
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