Total Software Solution for Nonprofits
Financials for nonprofits require an in-depth understanding of the sector as well as exposure to some of the challenges that make it so unique. As an accounting professional, you may have exposure to financials of a wide range of sectors, which helps fine tune your...
Nonprofit financial transparency is essential, both legally and ethically, for building trust and accountability to funding sources. Nonprofits are required to publicly disclose current tax forms and financial information. But, nonprofit accountability goes beyond...
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...
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...
Nonprofit restricted assets refers to the management of net assets: net assets with donor restrictions and net assets without donor restrictions. In order to avoid unintentionally misappropriate funds, it is important to understand the practical management of...
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 nonprofit...
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...
Increasing nonprofit revenue is a challenge most organizations face. By following these 6 easy accounting strategies, your nonprofit revenue can be sustainable. Overcoming nonprofit revenue challenges To overcome challenges, today’s nonprofit executives need to...
Nonprofits face many challenges when it comes to tracking and reporting to funding sources. This is the time to think about switching to nonprofit fund accounting software. Why nonprofits face many financial challenges. One of the biggest challenges is preparing and...
What are some of the unique fiscal challenges that nonprofits face and how can nonprofit fund accounting software help with their organizational and management requirements? Overcoming Challenges Fund Accounting Software Solves Fillmore-Leroy Area Residents, Inc....