Nonprofit Accounting Basics

Recent Articles

2021 Nonprofit Symposium Scholarship Announcement

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

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?

What Your Nonprofit Needs to Know

Disqualified Persons and the Intermediate Sanctions Excise Tax Regime

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

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

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

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

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

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

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