Setting-up QuickBooks Online for Nonprofits
Many nonprofits utilize QuickBooks Online (QBO) for their accounting software – primarily due to its ease of use and…
Four Areas of the New Tax Law that Affect Nonprofits
No one likes to talk about corporate taxes, especially those in the nonprofit industry who feel as though taxes…
Updated Standards for Nonprofit Financial Reporting
On August 18, 2016, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2016-14 changing the way…
Five Steps to Build Capacity of Overseas Field Offices
One of the fundamental goals for nonprofits engaged in international development is to build local capacity in the recipient…
Fund Accounting for Nonprofits: What Is It and How Does It Work
The concept of fund accounting is one of the main differences between for-profit and nonprofit accounting. Its name comes…
Understanding Nonprofit Financial Statements
Whether you are starting a new job at a nonprofit organization, joining a nonprofit Board of Directors, or looking…
10 Simple Steps to Prepare for the Year-End Audit
Year-end is a stressful time for nonprofit finance staff. In addition to completing the normal day-to-day tasks, finance staff…