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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Whether you are a small business or a nonprofit organization, there will always be bumps in the road. Here’s how you can keep your business or organization’s finances from falling through the cracks.
We discuss how disability insurance can help you and your family if you are unable to work due to a short-term or long-term disability.
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.