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
November 9, 2018 Make Your Nonprofit’s Accounting Function More Efficient If your nonprofit’s accounting staff is having trouble with its workload, look for ways to improve efficiency. Adopt these six … Read More
October 23, 2018 Why Your Internal and Year End Financial Statements Differ If your nonprofit’s periodic financial statements fail to jibe with your auditor’s year end statements, you may think someone is … Read More
October 17, 2018 The Fine Art Of Valuing Donated Property Your nonprofit should calculate the value of noncash donated items using fair market value (FMV). But that’s harder than it … Read More
October 15, 2018 Cloud Computing Setup Costs: Expensed Or Capitalized? Moving to the cloud? The FASB recently issued guidance on how to account for the costs of setting up business … Read More
