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About Us
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The Altruic Advisor

A Nonprofit Accounting Blog

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.

Sarah Ellsworth
June 3, 2020
Other

COVID-19 Resources for Nonprofits

Sarah Ellsworth
June 3, 2020
Other

As nonprofits continue to navigate the unprecedented challenges of the coronavirus pandemic, there are many resources available to help.

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.

Sarah Ellsworth
May 6, 2020
Nonprofit Management, Virtual Accounting, Internal Controls

Internal Controls in a Work-From-Home World

Sarah Ellsworth
May 6, 2020
Nonprofit Management, Virtual Accounting, Internal Controls

How is your nonprofit organization adapting to the new reality of a remote workforce?

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.

Darcy Ehrig
April 15, 2020
How-To Guides, QuickBooks Online

Project Tracking in QuickBooks Online

Darcy Ehrig
April 15, 2020
How-To Guides, QuickBooks Online

If you’re already using classes and location codes to organize your financial data in QBO, you may want to try using “projects” as well.

Shawnte Cavanaugh
April 8, 2020
Other, Nonprofit Management

Three Steps To Help Nonprofits Confront the Uncertainty of COVID-19

Shawnte Cavanaugh
April 8, 2020
Other, Nonprofit Management

To find a path forward, your organization must know where you stand right now - and what scenarios you might face in the future.

Ryan Hagan
April 2, 2020
Nonprofit Management, Tax

CARES Act: How the Paycheck Protection Program May Affect Nonprofit Organizations

Ryan Hagan
April 2, 2020
Nonprofit Management, Tax

There are many questions surrounding the CARES Act and the SBA 7(a) Paycheck Protection Program. Here’s what we know right now.

Sarah Taylor
March 24, 2020
Nonprofit Management, Internal Controls

Managing Risk: How To Create a Nonprofit Risk Assessment

Sarah Taylor
March 24, 2020
Nonprofit Management, Internal Controls

No one can see the future, but a risk assessment can help your organization roll with the punches.

Sarah Ellsworth
March 11, 2020
Virtual Accounting, Nonprofit Management

Tips for a Productive and Healthy Remote Working Environment

Sarah Ellsworth
March 11, 2020
Virtual Accounting, Nonprofit Management

In the face of coronavirus, many nonprofit organizations have been forced to jump head-first into a remote working environment.

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.

Cathy Luke
February 19, 2020
Nonprofit Management, Tax

State Unemployment Tax and Nonprofit Organizations

Cathy Luke
February 19, 2020
Nonprofit Management, Tax

What exactly is unemployment tax - and does a nonprofit organization have to pay it?

Sherry Jansen
February 12, 2020
Audits and Reviews

Tips For a Successful Nonprofit Audit

Sherry Jansen
February 12, 2020
Audits and Reviews

There aren’t many people who would call an audit “fun”…but there are certainly some steps you can take to ensure your organization has a relatively quick and painless audit experience.

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.

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?

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