Nonprofit Accounting Basics

Recent Articles

Presidential Actions Impacting Nonprofits

In recent weeks, the new administration has issued a number of Executive Orders and taken other actions that are impacting nonprofit organizations.

Personal Giving

If your organization does not rely fully on earned income or government grants or contracts, it most likely is involved in raising funds from individuals, foundations, and/or for-profit corporation

Common Due Dates for Non-Profits

Both federal and state government agencies impose filing requirements on nonprofits.  It's important to be aware of all filing requirements and the associated due dates. 

Elements of Successful Nonprofit Cybersecurity

Nonprofits are more reliant on technology than ever before to deliver on their mission.

2024 Revised Uniform Guidance Requirements for Single Audits

The Office of Management and Budget (OMB) updated and revised guidance for federal financial assistance, including revisions to 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and

The AICPA has updated its practice aid for digital assets – what is new?

In June 2024, the American Institute of CPAs (AICPA) updated its practice aid on the accounting for and auditing of digital assets.

Code of Ethics

One of the most constructive and proactive ways a board can send a message that its organization is committed to accountability, responsiveness, and stewardship is to draft a code of ethics to guid

Tax Facts: Section 501(c)(6) Trade Associations

501(c)(6) trade associations are non-charitable tax exempt organizations generally organized to promote and further the interests of a particular industry or type of business with members who are e

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

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

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