Nonprofit Accounting Basics

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General Explanation of the Joint Committee on Taxation U.S. Congress

The Joint Committee staff are closely involved in every stage of the tax legislative process.

Internal Revenue Service -- Publications Online

The Internal Revenue Service is the nation's tax collection agency and administers the Internal Revenue Code enacted by Congress.

Accounts Payable

Originally Posted: March 15, 2023

Accounts Payable is a liability account found on the Balance Sheet or Statement of Financial Position that represents money owed to another party.

Inventory

Originally Posted: March 15, 2023

Inventory represents the value of assets held by an organization for resale.

Good360

Good360 is dedicated to providing quality products and services nonprofits need to continue improving lives and communities around the world.

Giving Institute

The Giving Institute is a leading consultant to non profit organizations. They embrace and embody the core values of ethics, excellence and leadership in advancing philanthropy.

Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports.

Greater Washington Society of CPAs (GWSCPA)

The GWSCPA serves the greater Washington, DC metropolitan area. Accounting firm professionals, not-for-profit financial professionals, government financial professionals, accounting and business faculty and students can become members.

Amisha Patel, CPA

Johnson Lambert LLP

Security Act 2.0: What you need to know

Originally Posted: March 8, 2023

On December 29, 2022, President Biden signed the Consolidated Appropriations Act, 2023, which includes the provisions of the Securing a Strong Retirement Act, commonly called SECURE 2.0.

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