Accounting and Bookkeeping

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

One of the more fundamental and important processes in the monthly close is the reconciliation of bank accounts.

Accounts receivable (AR) is an asset account found on the Balance Sheet or Statement of Financial Position that represents money due to the organization from another party.

There are two main methods of accounting an organization can use for recordkeeping:  cash basis and accrual basis.

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

Factors that may indicate an exchange transaction:

Often it is difficult to distinguish between a contribution and an exchange transaction, the following factors are indicative of an exchan

What is GAAP?

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

To launch a capital campaign is a major decision for any nonprofit. Capital campaigns are not for all organizations. Those who decide to start one must ensure:

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09

It may be hard to believe but getting too much money can sometimes destabilize a nonprofit organization.

Managing a nonprofit organization’s overhead (management and general) expenses is just as important as managing program and fundraising expenses. Most nonprofits would not dispute this statement.