Nonprofit Accounting Basics

Recent Articles

The Importance of Operating Reserves for Nonprofits

What is an operating reserve, and why does every nonprofit need to address this issue?

Accounting for Paycheck Protection Program (PPP) Loan Forgiveness

In June 2020, the AICPA issued Technical Question and Answer (TQA

Is It Time to Be Proactive with Your Office Lease Situation?

A familiar scenario has played out month after month for many nonprofit organizations during this prolonged period of financial uncertainty, remote work, and virtual programs and meetings.

Workplace Connectivity Amid COVID

You’re a business leader. You’ve made the pivot. Your staff is working one hundred percent from home – and successfully I might add!

The Basics of Nonprofit Dissolution

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

Financial Oversight and Fraud

As you are most certainly aware, fraud and more importantly fraud prevention, has become a major concern of anyone charged with financial oversight.

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.