GAAP for nonprofits has set new fund classifications under FASB, altering the presentation of financial reporting.[Read more…] about GAAP for Nonprofits: Standards for Financial Reporting
Most nonprofits don’t think in terms of nonprofit profitability when it comes to fulfilling their mission. But, today’s nonprofits have to think differently.[Read more…] about Nonprofit Profitability: 6 Steps to Fulfilling Mission-Based Goals
Nonprofit W-2 preparation is basically the same as for-profit businesses, but with some additional considerations based on the type of nonprofit.[Read more…] about Requirements for Year-End Nonprofit W-2 Preparation
FASB rules for nonprofits took effect in December 2017. Is your nonprofit ready?[Read more…] about FASB Rules for Nonprofits: Are You Ready?
In order to fully understand compliance, you must answer three fundamental nonprofit accounting questions. This is the basis for the difference between for profit and nonprofit accounting.[Read more…] about Nonprofit Accounting Questions: Blueprint for Compliance