Nonprofit Accounting Basics

Recent Articles

2021 Nonprofit Symposium Scholarship Announcement

Originally Posted: September 13, 2021

The GWSCPA’s Educational Foundation (creator of www.nonprofitaccountingbasics.org) is pleased to announce the availability of scholarships for their Annual Nonprofit Symposium November 16-18, 2021.

Common UBIT Myth Related to Nonprofit Revenue and Tax Impact

Originally Posted: September 8, 2021

Myth: “It doesn’t matter how I get the money in the door as long as I spend it on charitable activities.”

When Does Your Activity Become Lobbying?

Originally Posted: August 24, 2021

What Your Nonprofit Needs to Know

Disqualified Persons and the Intermediate Sanctions Excise Tax Regime

Originally Posted: August 11, 2021

Disqualified Persons and the Intermediate Sanctions Excise Tax Regime[1]

How Can I Explain the Bottom-Line Budget Impact of Multi-Year Grants?

Originally Posted: August 6, 2021

Question: I am the Executive Director of a nonprofit organization that was recently awarded a 3-year grant. We recorded the grant in full last year.

Reclassing Net Assets in QuickBooks

Originally Posted: July 13, 2021

QuickBooks (QB) is a very reasonably priced accounting solution used by many small and midsized nonprofit organizations.

Ballot Measures and Recalls: Basic Rules for 501(c)(3) Public Charities, 501(c)(4)'s and Unions

Originally Posted: June 29, 2021

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 ef

Preventing Fraud Must Still Be a Top Priority During Challenging Times

Originally Posted: June 15, 2021

Like their for-profit counterparts, nonprofits were not spared the complex financial and operational challenges presented by the global COVID-19 pandemic.

Charity Ratings: Why They Matter and Ways to Improve

Originally Posted: June 1, 2021

What are charity ratings?  Charity ratings are evaluations created by charity watchdog organizations who are also nonprofit entities.  The mission of charity watchdo

Paywall_Comparison of 501(c)(3)s*, 501(c)(4)s, and Political (527) Organizations

Originally Posted: May 20, 2021
more