Nonprofit Accounting Basics

Recent Articles

What Happens When the Federal Government Funds a Capital Project? A Guide for Accountants

When federal funds are used to acquire property, purchase equipment, or carry out capital projects, recipients must navigate a complex set of regulatory requirements.

Navigating Financial Uncertainty Rethinking Revenue: Diversification with Intention

Nonprofits are evaluating their traditional ‘three-legged stool’ funding models and evolving towards a more intentional approach.
 

Cost Allocations: The Basics

For nonprofit organizations, implementing and clearly documenting a cost allocation methodology is essential.

Accounting for Promises to Give

Accounting for Promises to Give Under GAAP, the term “promises to give” is used to describe donor agreements to contribute cash or other assets.

Policies

Creating a policy is like making a decision when you have time to be thoughtful, to do adequate research, and to consult colleagues and other professionals rather than making decisions in haste as

Conflict of Interest

What is conflict of interest?

A conflict of interest arises when a board or a staff member is in a situation where his decision making may be impaired by personal, financial, or other busin

Treasury to Phase Out Paper Checks for Federal Disbursements and Payments

A recent Executive Order directs the U.S.

Top Tax Tips for Nonprofits in 2025

Navigating tax compliance is a crucial responsibility for nonprofit organizations.

Reserves

Operational reserves

Operational reserves are funds an organization accumulates over the years by operating with a surplus.