Nonprofit Accounting Basics

Advanced Search

Whose Money is it? Recording Contributions Held for Others

Originally Posted: June 25, 2020

Winter is here, and many organizations are preparing for the rush of year-end grants and contributions.

Rebecca Schorling

Marcum LLP

Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

Originally Posted: June 2, 2020

As part of FASB’s ongoing initiative to improve the effectiveness of the notes to the financial statements, modifications were made to the fair value measurement disclosures.  On August 28, 20

Accounting 101

Originally Posted: April 30, 2019

Financial accounting is the act of tracking transactions with the goal of providing accurate and timely information about an organization’s financial position and performance.  Without account

Nonprofit Operating Reserves Initiative Website

Originally Posted: November 3, 2017

Beginning November 1, 2017 the NonprofitAccountingBasics.org website added an important new resource it its “Fundamentals” section.

NORI Document Library

Principal Documents

Operating Reserves: The Key to Building Financial Flexibility

Originally Posted: September 23, 2015

The Nonprofit Operating Reserves Initiative Workgroup (NORI) first began meeting in 2007 to address the alarming

Sponsor Nonprofit Accounting Basics

Do you like what you see here? Please consider sponsoring the site! It features:

  • Online accounting education for smaller nonprofits

  • Emphasis on compliance and accountability

  • Information provided by nonprofit experts

  • Easy-to-use tools, templates, tips, and samples

 

Compensation Philosophy

Originally Posted: September 1, 2011

Salaries and compensation packages are determined as part of employment negotiations.

Expenses

Originally Posted: December 1, 2009

In this section we will cover:

  • Payroll
  • Facilities
  • Travel
  • Meeting
  • Allocating Expenses

Pages