Nonprofit Accounting Basics

Recent Articles

The AICPA has updated its practice aid for digital assets – what is new?

In June 2024, the American Institute of CPAs (AICPA) updated its practice aid on the accounting for and auditing of digital assets.

Code of Ethics

One of the most constructive and proactive ways a board can send a message that its organization is committed to accountability, responsiveness, and stewardship is to draft a code of ethics to guid

Tax Facts: Section 501(c)(6) Trade Associations

501(c)(6) trade associations are non-charitable tax exempt organizations generally organized to promote and further the interests of a particular industry or type of business with members who are e

Choosing the Right Platform for Vendor Payments and Credit Card Management for a Non-Profit Organization (NPO)

Selection of the wrong platform for vendor bill processing and or managing credit card expenses can have significant consequences for an NPO.

Subrecipient Monitoring: Essential Information for Successful Implementation

Federal funds often flow through multiple organizations before being used to aid the intended beneficiary.

Alternatives to Financial Statement Audits

While financial statement audits are mandatory for many organizations, a review or compilation may meet the needs of some.

Preparing for an Audit

Audits are a vital tool for maintaining the integrity, accountability, and sustainability of nonprofit organizations.

What Nonprofits Need to Know About Vocal Cloning

What is Vocal Cloning?

So You Want to Start a Non-Profit?

This is a general list of steps and items needed in order to start a non-profit.  It is not all- inclusive as different jurisdictions and types of organizations may have differing requirements

What Nonprofits Need to Know About Current Estimated Credit Losses - CECL

Have you been hearing the term CECL in financial and accounting circles?