Nonprofit Accounting Basics

Federal Awards

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

Getting Financial Reporting Right: A Guide for Federal Award Recipients

Submitting reports on time and accurately is crucial for federal award recipients to maintain a good relationship with the awarding agency and secure ongoing funding.

Mastering Timekeeping and Compensation for Federal Awards: Key Requirements and Best Practices

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

Subrecipient Monitoring: Essential Information for Successful Implementation

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

What You Need to Know About the 2022 Compliance Supplement

All non-federal government agencies and nonprofit organizations that expend $750,000 or more in direct federal awards and federal awards passed through state agencies in a given fiscal year are req

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