An area of confusion I see frequently on audits is the treatment of website development costs. Clients tend to place their entire website development costs in one bucket, either expensing -- or capitalizing – everything. The correct treatment is somewhere in the middle, and knowing which activities are which is important. Fortunately, there are detailed accounting rules on what to capitalize and what to expense.
If you’re like most nonprofit leaders, you may have considered or even taken steps towards evaluating financing alternatives for your nonprofit organization.
This article shares some best practices for your consideration concerning what type of financing needs may exist.