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:
Ready to Tell Your Story? 3 Tips for Impactful Storytelling to Attract and Retain Support for Your Nonprofit
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.
Accounting software has become a critical resource for business. Learn how to find a solution for yours!
Subscribe to our podcasts!
In this episode, we provide pointers on the process for an NFP to get its federal tax exemption (501c3) and how to stay exempt.Listen →
Let’s have a little fun testing your knowledge of personal finance basics. It is an excellent time to discover your stronger and weaker areas of basic personal finance.Listen →