Nonprofit Accounting Basics

Recent Articles

Pre-Award Risk Assessments - Looking for Financial Sustainability

Pre-award risk assessments are a relatively new phenomenon in the Federal Grants marketplace.

Per Diem vs. Accountable Plans: Determining the Best Approach

One of the most frustrating internal control processes for accountants and auditors alike is the dreaded company credit card and employee expense reimbursements.  You might be thinking, let’s

FASB Clarifies and Improves Guidance for Not-for-Profit Grant and Contribution Accounting

On June 21, 2018, the Financial Accounting Standards Board (FASB) has issued accounting standards update (ASU) No.

Tax Alert: IRS Issues Guidance Eliminating Schedule B for Many Organizations

The Treasury Department has issued new guidance which eliminates the requirement to disclose the names and addresses of donors for a large swath of exempt organizations.

Preparing for ASU 2016-4: A Checklist and Glossary

Preparing for ASU 2016-4

The New Tax Bill – What Nonprofits Should Know Right Now

With this new tax bill comes sweeping changes that potentially impact all U.S. taxpayers, including exempt organizations.

Internal Controls for Medium and Large Non-Profits-Part II

Internal Controls for Medium and Large Non-Profits-Part II, which is presented by Shawn Miller of Calibre CPAs, continues the discussion relating to controls that can be implemented to mitigate the

Occupational fraud and what you can do to help prevent it

Unfortunately, we’ve become too accustomed to reading or hearing news on incidents of fraud in organizations. Hardly a week goes by that something doesn’t appear in the popular press.

Nonprofit Operating Reserves Initiative Website

Beginning November 1, 2017 the NonprofitAccountingBasics.org website added an important new resource it its “Fundamentals” section.