Accounting and Bookkeeping

Following are some examples of journal entries for accounting for government grants.

Proper Accounting for Contributions:

What are agency transactions?

Agency transactions occur when one NFP (the agent) raises contributions for another NFP (the recipient).

This article illustrates how accounting decisions or judgments can affect taxes - on an organization or on its donors, and vice versa.

When you receive a grant from a governmental agency, it will typically include a program budget.

Exempt organizations, both large and small, are relying more and more on a variety of corporate sponsorships to provide much-needed support for events and programs.

Tax-filing season may have just ended but it’s always a good time to make sure that your organization is following the IRS donation “substantiation rules” so that your benefactors will have the pro

Factors that may indicate an exchange transaction:

Often it is difficult to distinguish between a contribution and an exchange transaction, the following factors are indicative of an exchan

Government grants are a common method for non-for-profit (NFP) organizations to obtain funding.

To launch a capital campaign is a major decision for any nonprofit. Capital campaigns are not for all organizations. Those who decide to start one must ensure:

The Omnibus Budget Reconciliation Act of 1993 (or “OBRA93”) contained two major provisions affecting charities and their donors by introducing the "substantiation" and "disclosure" requirements.