Non Profit Accounting Blog by Qbix

Outsourced Nonprofit Accounting: Three Unique Benefits

Outsourced Nonprofit Accounting: Three Unique Benefits

It's understandable: Handling accounting while focusing on achieving your mission is challenging, to say the least — but it doesn't have to be. When you outsource your nonprofit's accounting to an expert company, you're gaining more than help in just those two areas....

Form 990: A Nonprofit Marketing Tool

Form 990: A Nonprofit Marketing Tool

Storytelling is a great skill. Everyone knows that the best stories have the power to influence and inspire people. As a nonprofit, you likely have several compelling stories to tell. But, have you ever used your Form 990 as a communication tool? With so many...

Nonprofit Tax Season FAQs

Nonprofit Tax Season FAQs

"In this world, nothing can be said to be certain, except death and taxes." - Benjamin Franklin Our friend Ben is right. No one is immune to death nor taxes. And just because your organization is a nonprofit doesn't mean you're dismissed from filing tax returns. If...

Nonprofit Accounting: What is the cloud?

Nonprofit Accounting: What is the cloud?

As a nonprofit organization, you're already aware that financial management is a complicated task. If you're struggling to keep up, there's a highly effective, two-part solution worth considering: 1) outsourcing your accounting tasks and 2) utilizing the cloud to do...

Nonprofit Accounting? Qbix Accounting Solutions Can Help

Nonprofit Accounting? Qbix Accounting Solutions Can Help

Whether you've heard of us before or not, we want to introduce (or perhaps re-introduce) you to Qbix Accounting Solutions. In the most basic of terms, we provide outsourced accounting and bookkeeping services for nonprofit organizations throughout the US. Anyone who...

Budgeting for Nonprofits Checklist

Budgeting for Nonprofits Checklist

Two Key Components When Budgeting for Nonprofits Most nonprofits don't want to spend their time thinking or worrying about money, but recognizing revenue and expenses in a timely manner is essential when budgeting for nonprofits.  Revenue: how a nonprofit plans to get...

NFP Accounting Standards on Late Night

NFP Accounting Standards on Late Night

As you may have read in our previous article, there was a FASB update last year that directly impacted nfp accounting standards. Although there were treasure troves of small wave impacts and minutia to mind, a few changes stand out among the rest. We've already done a...

Nonprofit Fund Accounting: A Silo Solution

Nonprofit Fund Accounting: A Silo Solution

Don’t Forget Your Compass In business, most everything can be traced to one, quantitative goal: profit. The canonical bottom line exists as a sort of North Star for any profit-seeking business. In the not-for-profit world, things aren’t so cut and dry. For a...

5 Nonprofit Annual Report Essentials

5 Nonprofit Annual Report Essentials

Should You Publish Your Nonprofit Annual Report? YES! Don't be shy. Publishing your Nonprofit Annual Report will put you in the spotlight - in a good way! It's a great approach to spread the word about what your organization accomplished over the last year while...

Smile for Nonprofit Transparency Measures

Smile for Nonprofit Transparency Measures

How are you running your nonprofit? Your donors want to know, your competitors want to know, and the IRS needs to know. It all boils down to nonprofit transparency measures. Four Out of Five Dentists Recommend: Transparency There are two components to what makes for...

Nonprofit Information for Effective Accounting

Nonprofit Information for Effective Accounting

One very important and often overlooked piece of nonprofit information is the organization’s accounting solution. As a result, not-for-profits mark accounting issues as low priority. They instead “focus on what we actually got into business to do”. Though understandable, this is simply backwards thinking. A thoughtful and robust approach to accounting is an important component to any healthy nonprofit.

Nonprofit Financial Statements: FASB Update

Nonprofit Financial Statements: FASB Update

This most recent FASB update will impact your nonprofit financial statements. The real question is when and to what extent. In short, your organization needs to look out for changes to how it reports net assets. Consequently, this will change how donations are internally documented as well.

Qbix Centre Launch Party in January, 2019

Qbix Centre Launch Party in January, 2019

Qbix Accounting Solutions is proud to be located in the Qbix Centre, a coworking space in Macon, GA at 500A Northside Xing. A Qbix Centre membership gives you access to a furnished office space in Macon, GA. Work in a quiet, professional environment without committing...

Top 5 Reasons Nonprofits Outsource to QBIX

Top 5 Reasons Nonprofits Outsource to QBIX

The Top 5 Reasons Nonprofits Outsource Their Accounting to QBIX Accounting Solutions - Most of the Executive Directors who contact QBIX to talk about outsourcing their accounting have one thing in common:  they have tried to hire talented, nonprofit accounting...

On the Conference Trail in July and August

On the Conference Trail in July and August

On the Conference Trail in July and August:  Our summer is very busy. We will be on the road in July and August attending Georgia Association of Chamber of Commerce Executives; Blue Ridge Institute; and Meals on Wheels America.  Look for us in the exhibit area, we'd...

NFP Candidates Are Hard to Find

NFP Candidates Are Hard to Find

Why You’re Not Finding the Accounting Candidate Your Nonprofit Desperately Needs Update: Since we published this article last September, the Bureau of Labor Statistics shows national unemployment rates continuing to drop. The difficulty in finding qualified accounting...

Welcome Senior Action!

Welcome Senior Action!

We are pleased to welcome Senior Action (Greenville, SC) as a new client. With a community investment of $1.9 million, Senior Action has been able to: • Serve 3,775 Seniors • Provide 76,918 hot meals • Put 150 Volunteers to work on behalf of Seniors • Organize and...

What is Outsourcing for NFPs?

What is Outsourcing for NFPs?

What is Outsourcing for Nonprofit Organizations? Outsourcing a nonprofit organization's accounting solves a number of issues for Executive Directors and Board Members: Bringing accounting procedures into compliance Aiding you in meeting your fiduciary responsibilities...

FASB Update for Nonprofits – ASU2016-14

FASB Update for Nonprofits – ASU2016-14

FASB Accounting Standards Update for Nonprofits - ASU2016-14 - What is the state of your organization's liquidity, financial performance, and cash flow? These are things that are critical to an organization being able to continue serving its constituents and mission....

Helping Our Seniors in Georgia

Helping Our Seniors in Georgia

Helping Our Seniors in Georgia - There was a very interesting article ‘Growing Older in Georgia’ recently published in GeorgiaTrend. Are the following desirable lifestyle features for Millennials or Seniors? Easy access to stores, restaurants, and offices Ability to...

2018 is Here – What’s in Store for Accounting

2018 is Here – What’s in Store for Accounting

2018 is Here – What’s in Store for Accounting 5 Prediction for Accounting in 2018 was an interesting article I came across in The CPA Practice Advisor. The five predictions were as follows: 1. Revenue recognition guidance will cause implementations of SaaS billing and...

‘Tis the Season

‘Tis the Season

The year is beginning to wind down and we're finding ourselves swept up in the holiday mood. The days are shorter. Temperatures are dropping - we've even seen a little snow. We've put together a holiday video that we hope you will enjoy.  One Christmas present came...

Working with NFPs, we are inspired every day!

Working with NFPs, we are inspired every day!

So much to be thankful for! We are blessed in many ways. Foremost among the things we are grateful for is working with nonprofit organizations and helping them keep their accounting up-to-date, accurate, and compliant. Working with nonprofits, we see the best of...

Let Us Prepare Your Form 990

Save time, money and stress. Let us do the work of preparing your Form 990. Call us for a consultation today.