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.
