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

Eric Owens
Jul 18, 2018

 

Court Ruling

Last week, the U.S. Supreme Court overturned a 1992 precedent prohibiting states from requiring businesses to pay sales tax unless they had a tangible physical presence within the state. That case, Quill v. North Dakota (U.S., No. 91-194, 5/26/1992), was decided long before electronic commerce came into being.

Kerri Padgett
Jul 3, 2018

Preparing for ASU 2016-4

In August 2016, FASB issued Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. This new standard presents a number of areas that nonprofits need to consider for implemnetation. Below is a handy checklist of items needing your attention, and a glossary of terms. 

Review or create policies for: 

Cost allocation methodologies


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