Nonprofit Accounting Basics

Recent Articles

Is It Time to Be Proactive with Your Office Lease Situation?

A familiar scenario has played out month after month for many nonprofit organizations during this prolonged period of financial uncertainty, remote work, and virtual programs and meetings.

Peer Benchmarking Study on Nonprofit Investing (SONI)

Nonprofits plan every fiscal move with great caution, backed up with thorough analysis.

Three Easy Ways to Safeguard Your Church's Assets

As church members, we probably do not want to entertain the idea that the people handling the church finances could be dishonest.

Three Key Financial Mistakes that Financial Stewards Often Make

As stewards of critical resources that allow faith-based organizations to survive and do the good works they are called to do, those in position of managing the finances of religious organizations

Mission Trips and the IRS

An important part of outreach for many religious organizations are mission trips.  It is an exciting opportunity for missioners to live into their faith by working in partnership with those th

Independent Contractor vs. Employee: Let's Get it Right

Determining Whether the Individuals Providing Services are Employees or Independent Contractors

In determining whether the person providing service is an employee or an ind

Internal Controls for Medium and Large Non-Profits-Part II

Internal Controls for Medium and Large Non-Profits-Part II, which is presented by Shawn Miller of Calibre CPAs, continues the discussion relating to controls that can be implemented to mitigate the

Financial Oversight and Fraud

As you are most certainly aware, fraud and more importantly fraud prevention, has become a major concern of anyone charged with financial oversight.

Generally Accepted Accounting Principles

What is GAAP?

GAAP is an acronym for Generally Accepted Accounting Principles. These principles constitute preferred accounting treatment.

Assessing Fraud Risk

One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, responding to, and monitoring fraud risks?” Most times, the response describe