Nonprofit Fund Accounting: Blog Series

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Restricted Donations: Real World Answers on Expenses

Restricted Donations: Real World Answers on Expenses

Nonprofits sometimes get caught up with donor restrictions imposed on donations and how to use these funds to pay expenses. What is the best way to pay expenses using donor restricted funds and remain compliant? How to Pay Expenses Using Donor Restricted Donations In...

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What Form 990 Red Flags Reveal About Your Nonprofit

What Form 990 Red Flags Reveal About Your Nonprofit

Nonprofit Form 990 red flags impact donor trust and reveal lack of due diligence. The 990 is a snapshot of how well an organization has complied with government regulations and what activities it has carried out to ensure it is upholding its mission. Who Files Form...

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GAAP for Nonprofits: Standards for Financial Reporting

GAAP for Nonprofits: Standards for Financial Reporting

GAAP for nonprofits has set new fund classifications under FASB, altering the presentation of financial reporting. What is GAAP for Nonprofits?   GAAP stands for Generally Accepted Accounting Principles. It provides accounting definitions for entities such as...

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FASB Rules for Nonprofits: Are You Ready?

FASB Rules for Nonprofits: Are You Ready?

FASB rules for nonprofits took effect in December 2017. Is your nonprofit ready? The Financial Accounting Standards Board (FASB) issued new rules for nonprofits on August 18, 2016. This is the first major set of changes to nonprofit financial statement presentation...

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