Nonprofit Accounting Basics

Recent Articles

Depreciation

Once an item is recorded as a fixed asset, its life must be determined so depreciation can be calculated and recorded.

Ratios and Indicators for Small and Midsize Organizations

Selecting and calculating certain ratios and indicators, especially in trend, can tell an organization a lot about many aspects of its financial position, performance, and prospects.

Updated Management Responsibilities Under SAS 136 (for Retirement Plans)

The implementation of SAS 136 is finally here.

Availability and Liquidity Disclosure

With the existing Liquidity and Availability disclosures required for non-profit organizations, there is certain qualitative and quantitative information that should be disclosed.

Considering Accepting Digital Asset Donations? Here is what you need to know.

Many nonprofits are facing the decision of whether to accept digital assets or miss the chance of substantial donations as digital assets become more popular and easier to access.

5 Ways to Make Your Accounts Payable Process Seamless

  1. Use cloud-based tools. Transition your accounts payable (AP) process to a cloud-based service that interfaces with your accounting system. This can’t be overstated.

Nonprofits Should Prepare Now to Accept Cryptocurrency

Over the past year, there has been exponential growth in both the volume of cryptocurrency (crypto) donations to nonprofits and the number of nonprofits accepting such donations, either as cryptocu

Accrued Vacation

Most organizations include some paid time-off in their benefits packages offered to employees.  Rules concerning when an employee is eligible to receive these benefits vary widely within organ

Give Me Your 990!

Public Disclosure Requirements for Tax-Exempt Organizations | 2022 Edition

Reporting the Total Number of Volunteers on the Form 990

Nonprofits have only a few touchpoints where a lasting impression can be made in the blink of an eye.