April 8, 2019 Simplifying Accounting Rules For Convertible Debt & Equity Debt or equity? The answer isn’t always clear when accounting for convertible instruments, like equity-linked bonds or preferred stock. Read More
March 18, 2019 Automating Your Accounting Department Robotic process automation (RPA) is the wave of the future. While most RPA initiatives target “core” business operations, routine accounting … Read More
March 8, 2019 Divide And Conquer: How Joint Cost Allocating Works In many cases, your nonprofit is allowed to allocate costs between fundraising and other functions as long as you meet … Read More
March 6, 2019 Reporting Stock Compensation Paid To Non-Employees Good news for businesses that pay nonemployees with stock or stock options: The accounting rules for reporting stock compensation have … Read More
February 20, 2019 Warning! 4 Signs Your Nonprofit Is In Financial Danger To avert potential disaster and ensure your not-for-profit’s long-term survival, board members need to be alert to subtle signs of … Read More
February 8, 2019 Is Your Nonprofit Ready for a Raffle? Raffles are popular fundraisers for not-for-profits. But they’re subject to strict tax rules. State laws on nonprofit-sponsored raffles vary, but … Read More
January 3, 2019 5 Questions Help Nonprofits Avoid Accounting Mistakes Many nonprofits’ accounting and tax policies and processes aren’t quite up to snuff, potentially putting them at risk of making … Read More
December 26, 2018 Accounting for Overhead Costs Don’t let your accounting department get overwhelmed by indirect “overhead” costs. Here’s how to get control over your overhead allocations. Read More
December 10, 2018 3 Ways to Improve Development & Accounting Collaboration Do your development and accounting departments work as independent silos? This can be dangerous to your nonprofit’s fiscal health. We … Read More
December 6, 2018 A Look at the 4 Steps to Auditing Accounts Payable Auditing accounts payable is as easy as 1, 2, 3, 4. To facilitate fieldwork next audit season, let’s discuss the … Read More
November 20, 2018 A Fresh Look at Percentage of Completion Accounting The accounting rules for reporting income from long-term contracts for book and tax purposes can be confusing. However, starting in … Read More
November 12, 2018 LIFO Lessons Learned When Reporting Inventory Costs Do the tax benefits of LIFO outweigh the financial reporting challenges? It’s not right for every business. Here’s how to … Read More
