Featured Articles

Dawit Negari, CPA, CFE, CGFM, MBA
Jul 14, 2025

Accounting for Promises to Give Under GAAP, the term “promises to give” is used to describe donor agreements to contribute cash or other assets. These promises can be written or oral; however, organizations must have verifiable documentation before recognizing a promise as a receivable. Such documentation should include the donor’s name and contact details, the amount pledged, the due date, the date of the promise, and the name of the staff or representative involved. 

Types of Promises: Unconditional and Conditional 

Lisa Heller, CPA
Jun 9, 2025

A recent Executive Order directs the U.S. Treasury to stop using paper checks and move entirely to electronic payment methods. Effective September 30, 2025, Treasury will no longer issue paper checks for federal payments, including tax refunds and benefit payments. In addition, any payments made to the federal government, including tax payments, must be made electronically wherever possible.

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