Nonprofit Accounting Basics

Recent Articles

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

Microsoft OneNote: Tips for Notetaking and Collaboration

Originally Posted: April 14, 2021

Much of our work involves taking notes, collecting content, and sharing information as part of day-to-day business activities and meetings.

About Operating Reserves for Nonprofits

Originally Posted: April 7, 2021

About Operating Reserves" - What are they and why have them?

Meet the New Form 1099-NEC

Originally Posted: March 24, 2021

The PATH Act (Protecting Americans from Tax Hikes Act) required that payments for services in 2017 be reported on Form 1099-MISC by January 31 of the following year.  However, if a payor was o

5 Guidelines for Successful Grants Management

Originally Posted: March 8, 2021

A good grants management process can take some time to develop, but the effort can be worth it.  In this article, you’ll learn some tips and guidelines to help you improve your grants manageme

Some Legal Issues to Consider When Trying to Get Out of Your Office Lease

Originally Posted: February 22, 2021

As the financial pressures on nonprofit organizations mount and many employees continue to work remotely from home, nonprofits are increasingly examining their options for getting out of their curr

Charities and Political Activity— The Unwelcome Spotlight

Originally Posted: January 26, 2021

Political candidates can be good for your nonprofit.  They raise the profile of your events, increase public interest in your activities, and prove to be good friends once in office.  Why

The Importance of Operating Reserves for Nonprofits

Originally Posted: January 1, 2021

What is an operating reserve, and why does every nonprofit need to address this issue?

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