Nonprofit Accounting Basics

Recent Articles

The Basics of Nonprofit Dissolution

Weathering the storm of major financial disruptions is a challenge for all organizations.

Generally Accepted Accounting Principles

What is GAAP?

GAAP is an acronym for Generally Accepted Accounting Principles. These principles constitute preferred accounting treatment.

Assessing Fraud Risk

One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, responding to, and monitoring fraud risks?” Most times, the response describe

Is Your Data Protected for Phishing Attack?

No matter what kind of organization you run, if you use the internet, you are at risk of a cyberattack.

Annual Budget Process Assessment: Is Your Budgeting System Helping to Drive Results?

Stepping back once a year to take a high-level assessment of your budget system is both a best practice and a proactive exercise.

IT Security is More Critical than Ever for Nonprofits and Associations

With employees working from home, many nonprofits and associations (particularly smaller organizations) are more concerned than ever about information technology (IT) security.

Can your board answer “What Is Your Organization Identity?”

What makes you different from another institution? Why are there 5 different gardens? Why 8 different homeless shelters? Why 6 different animal welfare organizations?

Nonprofit Accounting: Serving the Mission

Though not usually involved in customer service to donors or members, the accounting and finance department of a nonprofit often provides customer service to the rest of its organization.

Eight Key Provisions of the Chapter Affiliation Agreement

If you work for a nonprofit that aspires to have a nationwide or worldwide reach, it is likely you’ve spent some time thinking about the topic of local chapters.

The Tax Consequences of Fee-for-Service (Part 1 of 2): The Exempt Purpose Test

The past decade has been marked by the increasing commercialization of the non-profit sector.