Nonprofit Accounting Basics

Recent Articles

Choosing the Right Platform for Vendor Payments and Credit Card Management for a Non-Profit Organization (NPO)

Originally Posted: October 21, 2024

Selection of the wrong platform for vendor bill processing and or managing credit card expenses can have significant consequences for an NPO.

Subrecipient Monitoring: Essential Information for Successful Implementation

Originally Posted: October 2, 2024

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

Alternatives to Financial Statement Audits

Originally Posted: September 16, 2024

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

Preparing for an Audit

Originally Posted: August 28, 2024

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

What Nonprofits Need to Know About Vocal Cloning

Originally Posted: August 14, 2024

What is Vocal Cloning?

So You Want to Start a Non-Profit?

Originally Posted: July 29, 2024

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

Originally Posted: July 12, 2024

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

Audit Committee

Originally Posted: June 28, 2024

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

Tax Exemption

Originally Posted: June 11, 2024

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

Originally Posted: May 28, 2024

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

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