A home renovation project inspired our Nonprofit Accounting Manager to think about all kinds of hidden treasures - not just those tucked away behind old walls, but also the unused skills and forgotten ideas that might benefit your organization if they’re brought into the light.
A new Accounting Standards Update will provide greater transparency regarding the amount of in-kind donations received by a nonprofit organization, as well as how their value was determined.
Nonprofit accounting standards require incoming contributions to be classified as one of two categories: contributions with donor restrictions, or contributions without donor restrictions.
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.
Ultra-portable laptops make it possible to work from anywhere - but those super-small screens can be a headache when you’re working in QuickBooks Online.
Does your organization really need an expensive audit? You might be surprised to find that some grantors, funders, and financial institutions are willing to accept a financial statement review instead.