Welcome to Nonprofit Accounting Basics — a resource designed to help you produce accurate records and reports, encourage and measure accountability, and successfully manage and sustain your nonprofit organization. More About Us

Featured Articles

R. Michael Sorrells, CPA
Apr 28, 2015
While neither charity auctions nor the various rules governing them are new, we receive numerous questions about them and observe many examples of inadequate auction procedures by both large and small organizations. Activities such as these may be lucrative fundraisers, but it is important to know and comply with the rules in order to keep the IRS, donors and state taxing authorities happy.
Richard F. Larkin, CPA
Apr 8, 2015

This article illustrates how accounting decisions or judgments can affect taxes - on an organization or on its donors, and vice versa. Expense allocation and revenue recognition are especially judgmental areas.

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