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Home
About
About Us
Our Team
Our Clients
Office Locations
News
Services
Nonprofit Accounting Services
Audit and Review
Form 990
CFO Solutions
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The Altruic Advisor

A Nonprofit Accounting Blog

Sarah Ellsworth
February 25, 2021
Virtual Accounting, Altruic Advisors

Remote Accounting for COVID-19 and Beyond

Sarah Ellsworth
February 25, 2021
Virtual Accounting, Altruic Advisors

Our CFO Solutions virtual accounting service provides remote, cloud-based accounting from a full team of experienced CPAs and nonprofit specialists.

Sarah Ellsworth
February 10, 2021
Virtual Accounting, Nonprofit Management, Internal Controls

Internal Controls for Electronic Payments

Sarah Ellsworth
February 10, 2021
Virtual Accounting, Nonprofit Management, Internal Controls

Electronic payments are faster and cheaper than checks, but can be more difficult to segregate duties.

Traci Carson
January 27, 2021
Other

Hidden Treasures

Traci Carson
January 27, 2021
Other

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.

Ryan Hagan
January 19, 2021
Ask Your Accountant, Tax

Second Round of PPP Funding - SBA Application Released

Ryan Hagan
January 19, 2021
Ask Your Accountant, Tax

The form to apply for a second draw of PPP funding is now available!

Sarah Ellsworth
December 18, 2020
Other

All Your Accountant Wants For The Holidays Is...

Sarah Ellsworth
December 18, 2020
Other

Give your accountant some holiday cheer! Here’s what’s on our wish list this year.

Darcy Ehrig
December 2, 2020
Altruic Advisors, Virtual Accounting

How To Communicate With an Outsourced Accountant

Darcy Ehrig
December 2, 2020
Altruic Advisors, Virtual Accounting

When it comes to remote accounting, communication is key. We can’t know what you don’t tell us!

Sarah Fetterolf
November 11, 2020
Audits and Reviews, Internal Controls

Testing Controls During a Nonprofit Audit

Sarah Fetterolf
November 11, 2020
Audits and Reviews, Internal Controls

What is control testing and how does it work?

Sarah Ellsworth
November 6, 2020
Ask Your Accountant, Other

From The Archives: Differences Between Nonprofit and For-Profit Accounting

Sarah Ellsworth
November 6, 2020
Ask Your Accountant, Other

Use this infographic to help you remember some of the key differences between accounting for nonprofit organizations versus for-profit companies.

Erik Ladewig
October 28, 2020
Ask Your Accountant, Grants and Donations

ASU 2020-07: Changes To Reporting In-Kind Contributions

Erik Ladewig
October 28, 2020
Ask Your Accountant, Grants and Donations

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.

Sarah Ellsworth
October 21, 2020
Tax

Changes to 1099s in 2020

Sarah Ellsworth
October 21, 2020
Tax

For the year of 2020, there are two different types of 1099 forms you may need to file: Form 1099-NEC and Form 1099-MISC.

Julie Seger
October 14, 2020
Ask Your Accountant, Grants and Donations, Software Applications

Recording and Tracking Net Assets

Julie Seger
October 14, 2020
Ask Your Accountant, Grants and Donations, Software Applications

Nonprofit accounting standards require incoming contributions to be classified as one of two categories: contributions with donor restrictions, or contributions without donor restrictions.

Cathy Luke
September 30, 2020
Bookkeeping Basics, Virtual Accounting

How To Help Your Accountant Succeed

Cathy Luke
September 30, 2020
Bookkeeping Basics, Virtual Accounting

Your accountant wants to help your organization succeed. But there are some things you can do to help your accountant succeed too!

Shawnte Cavanaugh
September 23, 2020
Audits and Reviews

5 Ways to Prepare for a Nonprofit Accounting Audit

Shawnte Cavanaugh
September 23, 2020
Audits and Reviews

Set your organization up for success before your audit begins.

Sarah Ellsworth
September 18, 2020
Altruic Advisors, Software Applications, Virtual Accounting, Nonprofit Management, Bookkeeping Basics

How To Use Bill.com To Manage Accounts Payable

Sarah Ellsworth
September 18, 2020
Altruic Advisors, Software Applications, Virtual Accounting, Nonprofit Management, Bookkeeping Basics

Could your nonprofit organization benefit from Bill.com’s streamlined, all-in-one, online approval and billl payment system?

Nichole Krebiehl
September 2, 2020
Ask Your Accountant

Recognizing Revenue from Contracts with Customers

Nichole Krebiehl
September 2, 2020
Ask Your Accountant

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.

Sarah Ellsworth
August 27, 2020
How-To Guides, QuickBooks Online

3 QuickBooks Online Tips to Maximize Your Tiny Laptop Screen

Sarah Ellsworth
August 27, 2020
How-To Guides, QuickBooks Online

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.

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.

Sarah Ellsworth
July 29, 2020
Audits and Reviews

Audit Basics: Confirmation Letters

Sarah Ellsworth
July 29, 2020
Audits and Reviews

What is an audit confirmation letter and why is it important?

Sarah Ellsworth
July 15, 2020
Audits and Reviews

From The Archives: What Is The Difference Between an Audit and a Review?

Sarah Ellsworth
July 15, 2020
Audits and Reviews

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.

Traci Carson
July 9, 2020
Nonprofit Management, Other

Finding Opportunity In Crisis

Traci Carson
July 9, 2020
Nonprofit Management, Other

Nonprofit organizations have been forced to grapple with immense changes in this new era of COVID-19.

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Categories

  • Altruic Advisors 45
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  • Audits and Reviews 21
  • Bookkeeping Basics 38
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  • How-To Guides 25
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