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
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.
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In this episode, we discuss the importance of having a way for your loved ones to take care of your financial affairs in the case of disability or death. Preparing a document that describes where things are located and important information will make it much easier for your loved ones to access what they need to handle your affairs.
Here are some tips to save money and use credit cards without stress.
In this episode we remind businesses of the purpose of the PPP loans, what you could spend the money on, loan forgiveness requirements and changes, and general PPP loan fraud investigation information.
In this episode, we discuss some questions your for-profit or nonprofit organization should ask an accounting firm before working together.