Nonprofit Accounting Basics

Recent Articles

Chart of Accounts Design Is Fundamental to Your Tax, Financial Reporting

Originally Posted: July 8, 2026

The finance and accounting functions are as dynamic as ever.

How to Set Up an Effective Accounting Department for a Small Nonprofit

Originally Posted: June 23, 2026

Running a nonprofit means balancing your passion for the mission with the realities of sound financial management.

Federal Awards: Pre-Award Documentation, The First 30 Days and Budget Reality Checks_Part 2

Originally Posted: April 21, 2026

Pre-Award Documentation: What Should Be in Place Before the Grant Starts

Federal Grants: Evaluating NOFOs and Pre-Award Reality Checks_Part 1

Originally Posted: April 14, 2026

How to Read a NOFO Without Missing What Really Matters

2026 State of the Union: What Nonprofit Leaders Should Be Watching

Originally Posted: April 10, 2026

Policy Signals and Strategic Planning Considerations for the C-Suite

ASU 2025-05: What Not-for-Profit Organizations Need to Know About the Simplified Credit Loss Guidance

Originally Posted: March 31, 2026

In July 2025, the Financial Accounting Standards Board (FASB) issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receiva

2026 Nonprofit Finance & Accounting Academy

Originally Posted: March 16, 2026

How to Follow Uniform Guidance When the Guidance Is No Longer Uniform

Originally Posted: March 13, 2026

The Uniform Guidance (UG)—published by the Office of Management and Budget (OMB) in 2014 and now codified at 2 CFR Part 200—was intended to standardize administrative requirements,

ASU 2023-09 — Income Taxes (Topic 740): Improvements to Income Tax Disclosures

Originally Posted: February 17, 2026

In December 2023, the FASB issued ASU 2023-09, which amends ASC 740, Income Taxes, to enhance the transparency and disaggregation of income tax disclosures.

Making an Investment in Finance Department Staff Training

Originally Posted: November 17, 2025

Nonprofit organizations rely heavily on their finance department staff.

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