Please pardon our mess. We are in process of updating content to ensure you have the most up to date information available. For the next few months you may find fewer articles than usual.
QuickBooks (QB) is a very reasonably priced accounting solution used by many small and midsized nonprofit organizations. One drawback, however, is that it does not have a way to separate net assets on the balance sheet other than by past or current. It starts with three “equity” (net assets) accounts:
As states grapple with a host of contentious issues, including severe budget cuts, efforts to alter public employee rights and benefits, and legislation to curtail public services, organized efforts have emerged to oppose such actions, including recall elections and ballot measures. While organizations around the country may be eager to dive right in to all these activities, they need to make sure their participation is consistent with their tax exempt status.
More about the GWSCPA Nonprofit Financial Accountability Task Force.
