Nonprofit Accounting Basics

Revenue

Agency Transactions

What are agency transactions?

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

Considering Accepting Digital Asset Donations? Here is what you need to know.

Many nonprofits are facing the decision of whether to accept digital assets or miss the chance of substantial donations as digital assets become more popular and easier to access.

Donor Imposed Restrictions

What are "donor-imposed" restrictions?

FASB116 focuses on the concept of restricted revenue.

Exchange Transactions

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

Get Smart About Art Donations

Non-cash Contributions

Lessons Learned from Adoption of Topic 606, Revenue Recognition

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09

Nonprofit Funding Sources (Donor Types)

Funding comes from a variety of sources for nonprofits. Every nonprofit has a niche and a funding strategy to match.

Raffles -- The Right Way

Raffles are gaining popularity for nonprofit fundraising. Often combined with a gala or other big event, raffles are accessible and fun.

Split-Interest Agreements

What are "split-interest" ("planned giving") agreements?

Split-interest agreements, also known as planned giving, are contributions that assign the legal rights to certain assets to an NFP

Understanding Contributed Services

Contributed services are professional services that have been donated by someone outside of your organization with specialized skills — such as those provided by doctors, nurses, lawyers or account

Whose Money is it? Recording Contributions Held for Others

Winter is here, and many organizations are preparing for the rush of year-end grants and contributions.

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