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.
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?
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.
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.
