Nonprofit Accounting Basics

Recent Articles

Subrecipient Monitoring: Essential Information for Successful Implementation

Federal funds often flow through multiple organizations before being used to aid the intended beneficiary.

Alternatives to Financial Statement Audits

While financial statement audits are mandatory for many organizations, a review or compilation may meet the needs of some.

Preparing for an Audit

Audits are a vital tool for maintaining the integrity, accountability, and sustainability of nonprofit organizations.

What Nonprofits Need to Know About Vocal Cloning

What is Vocal Cloning?

So You Want to Start a Non-Profit?

This is a general list of steps and items needed in order to start a non-profit.  It is not all- inclusive as different jurisdictions and types of organizations may have differing requirements

What Nonprofits Need to Know About Current Estimated Credit Losses - CECL

Have you been hearing the term CECL in financial and accounting circles? 

Audit Committee

The primary function of an audit committee is to ensure the organization carries out an independent outside audit. Specific duties include:

Tax Exemption

Probably the main reason for you to form a nonprofit organization rather than a for-profit entity is the exemption benefits that come with the tax-exempt status.

Mastering Timekeeping and Compensation for Federal Awards: Key Requirements and Best Practices

Organizations employ various methods, ranging from Excel spreadsheets to sophisticated timekeeping software, to track and report employee time.

Volunteer Protection Act

The Volunteer Protection Act of 1997 provides personal immunity to individuals who act on behalf of an organization in a volunteer capacity.