If your business isn’t doing as well as you think it should— or if it’s not doing well at all— perhaps it's time for some serious assessment of your finances. Check out our article on how smart financial management can help you and your business turn the corner:
Nonprofits make similar mistakes over and over again when it comes to their accounting and bookkeeping. Check out our article on classic accounting mistakes, and why your nonprofit needs a professional.
What is a virtual accountant? How might they help your company? In our article about virtual accounting, we break down the typical issues businesses face and how virtual accountants can help:
As religious institutions, churches have unique needs when it comes to reporting their finances. Wondering whether to hire an in-house accountant or to outsource? Check out our article on the many considerations churches face
What makes a good donation management software system for nonprofits? This article will discuss the distinct functions and features your nonprofit should be looking for when selecting a donor management software.
Once your nonprofit organization gets approved by the IRS for a tax exemption, you must maintain tax exemption. You must know what actions or activities could jeopardize your tax-exempt status.
Do you need to reduce costs and make sure you are on target for business goals? Want to get ahead on this year’s taxes? A midyear tax check in will help you accomplish all of these and more. Let’s see why.
There is a new emphasis and an upcoming required change in how your NFP financials will present and disclose gifts-in-kind. Accounting Standard ASU No. 2020-07 has mandated this change. It will be effective for annual periods beginning after June 15, 2021. This Accounting Standard improves transparency for gift-in-kind transactions by requiring the following:
As a nonprofit, it’s important to utilize stories so that donors and supporters feel connected to the mission and can see the impact your organization has in the world.
Here are some popular touchless payment options that can help alleviate any fears of COVID-19 for patrons or donors, to ensure your organization is doing all that it can to maximize revenue, even during uncertain times.