Nonprofit Accounting Basics

Recent Articles

The New Tax Bill – What Nonprofits Should Know Right Now

Originally Posted: May 1, 2018

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

Originally Posted: April 6, 2018

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

Originally Posted: January 5, 2018

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

Originally Posted: November 3, 2017

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

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

Originally Posted: October 2, 2017

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

Independent Contractor vs. Employee: Let's Get it Right

Originally Posted: September 8, 2017

Determining Whether the Individuals Providing Services are Employees or Independent Contractors

In determining whether the person providing service is an employee or an ind

4 Tips to Create Your Nonprofit’s First Succession Plan

Originally Posted: August 7, 2017

Losing your nonprofit’s executive director is a lot like losing your trail guide in the middle of the forest – slightly terrifying, completely disorienting and leaving you wishing you’d spent more

Have You Outgrown Your Financial Reporting System?

Originally Posted: July 12, 2017

As your organization grows and becomes more sophisticated, your financial reporting needs to evolve as well.

Taxability of Credit Card Cashback Rewards

Originally Posted: April 3, 2017

Most credit card companies offer some form of reward program to market their card and build customer loyalty.

Phishing and Spoofing Attacks Growing Ever More Common

Originally Posted: March 14, 2017

You know the scam; someone in a foreign country has inherited a large sum of money and needs your help to get the money delivered to them.

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