In this episode, we discuss some questions your for-profit or nonprofit organization should ask an accounting firm before working together.
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:
What is financial transparency? and what are the benefits to financial transparency reporting in your nonprofit or business?
Accounting software has become a critical resource for business. Learn how to find a solution for yours!
A treasurer is responsible for sharing financial information effectively with stakeholders. Let’s explore what this role looks like in the nonprofit setting.
In uncertain or difficult times, strong decisions count more than ever. For nonprofits, this means that financial and business strategies need to be informed by data.
The best way to find the right accountant for your company is by simply asking questions
Beyond the federal requirements and day-to-day accounting needs, your finances fuel the change you want to make in the world.
There are many reasons why nonprofits struggle to stay financially stable, but even more reasons they should strive for that stability.