Nonprofit Accounting Basics

Federal Awards

Getting Financial Reporting Right: A Guide for Federal Award Recipients

Originally Posted: June 6, 2023

Submitting reports on time and accurately is crucial for federal award recipients to maintain a good relationship with the awarding agency and secure ongoing funding.

Mastering Timekeeping and Compensation for Federal Awards: Key Requirements and Best Practices

Originally Posted: May 28, 2024

Organizations employ various methods, ranging from Excel spreadsheets to sophisticated timekeeping software, to track and report employee time.

Protecting Your Organization and Federal Funds: The Role of Procurement Policies in Risk Management

Originally Posted: October 30, 2023

Implementing spending requirements protects against the improper use of funds.

Subrecipient Monitoring: Essential Information for Successful Implementation

Originally Posted: October 2, 2024

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

What You Need to Know About the 2022 Compliance Supplement

Originally Posted: October 3, 2022

All non-federal government agencies and nonprofit organizations that expend $750,000 or more in direct federal awards and federal awards passed through state agencies in a given fiscal year are req

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