Qbix Blog

Navigating Nonprofit Bankruptcy

Nonprofit organizations play a critical role in our communities, with many delivering essential services and tackling social issues. However, even the most well-intentioned organization can face financial difficulties. In such situations, bankruptcy may be a viable...

Nonprofit vs. For-profit Accounting: A Breakdown

Are you considering starting a nonprofit, or want a better understanding of how nonprofit finances work? This overview explains the key differences between nonprofit and for-profit accounting standards. It's not just donations and tax exemptions that distinguish...

Unlocking Growth: How Bookkeepers and Accountants Boost a Nonprofit’s Mission

Managing your nonprofit's finances can feel like the age-old challenge of patting your head and rubbing your belly (not ideal, right?). But it doesn't have to be that difficult. Understanding the roles of bookkeepers and accountants and teaming up with one or the...

Choosing the Right Form 990: A Simple Guide for Nonprofits

Which Form 990 should you use? It's a question that resonates with many nonprofits — but don't worry. We'll break down the decision-making process in a way that's easy to understand. Keep reading to learn more about Form 990, the options available, and how easily to...

Optimize Your Nonprofit’s Pre-Tax Season Checklist: 5 Essential Steps

Navigating tax season can be challenging for nonprofits, especially considering their exemption from federal taxes. While 501(c)(3) organizations don't have to pay taxes, they must file Form 990 annually to maintain their tax-exempt status. As you may know, Form 990...

Want to Outsource Your Nonprofit Accounting? Key Questions to Ask First

Nonprofit organizations, like for-profit businesses, rely on effective financial management to thrive. Hence, accounting and bookkeeping are equally vital and demanding parts of daily operations, requiring more resources due to their complexity, time consumption, and...
Navigating Nonprofit Bankruptcy

Navigating Nonprofit Bankruptcy

Nonprofit organizations play a critical role in our communities, with many delivering essential services and tackling social issues. However, even the most well-intentioned organization can face financial difficulties. In such situations, bankruptcy may be a viable...

Choosing the Right Form 990: A Simple Guide for Nonprofits

Choosing the Right Form 990: A Simple Guide for Nonprofits

Which Form 990 should you use? It's a question that resonates with many nonprofits — but don't worry. We'll break down the decision-making process in a way that's easy to understand. Keep reading to learn more about Form 990, the options available, and how easily to...

More Than Dollars: The Real Value of Nonprofit Donors

More Than Dollars: The Real Value of Nonprofit Donors

In the nonprofit world, the never-ending pursuit of funds often overshadows the significance of donors themselves. Sure, the dollars are essential, but let's not underestimate the power of the generous people on a mission to improve the world. Donors are not just a...

How Nonprofits Make Money: Exploring Diverse Income Sources

How Nonprofits Make Money: Exploring Diverse Income Sources

Nonprofits are key players in serving the public good, yet their financial landscape can be intricate. Despite the "nonprofit" label, these organizations have diverse income streams. Let's delve into why nonprofits need revenue and the innovative paths they take to...

Nonprofit Financial Planning: 4 Vital Reports for Success

Nonprofit Financial Planning: 4 Vital Reports for Success

Developing a robust financial plan is crucial for the success of your nonprofit, as it not only ensures sustainability but also drives the fulfillment of your mission. Unlike for-profit companies, nonprofits have unique financial goals, requiring accountability,...

Six Financial Management Tips for Small Nonprofits

Six Financial Management Tips for Small Nonprofits

It's no secret that small nonprofits try to do more with less. But to make the most significant impact, effective financial management is critical. Unorganized finances can lead to unnecessary purchases, improper fund allocation, and poor financial decisions —...

Five SECURE 2.0 Changes That Impact Nonprofits

Five SECURE 2.0 Changes That Impact Nonprofits

If your nonprofit handles employee's retirement plans (like a 403(b)), you'll want to know how SECURE 2.0 affects them. To give you some background, at the end of 2022, President Biden signed into law H.R. 2617, the Consolidated Appropriations Act. One of the...

Keeping Your Public Charity Status is a Breeze

Keeping Your Public Charity Status is a Breeze

If you follow our blog, you may have seen our recent article about the pros and cons of public charities and private foundations (and how to decide which is best for your nonprofit.) Most founders concentrate on obtaining 501(c)(3) status – a public charity,...

Nonprofit Accounting Year-End Checklist

Nonprofit Accounting Year-End Checklist

As this year draws to a close, most people are dreaming about festive holidays and new year celebrations. However, the term "year-end" may harbor some anxiety for those in the nonprofit industry. There are seemingly tons of tasks to address before the current year...

Nonprofit Employee Holiday Bonuses: Don’t be a Scrooge

Nonprofit Employee Holiday Bonuses: Don’t be a Scrooge

As the year winds down and the holidays approach, it's time to consider paying your nonprofit staff a bonus. The employees of your organization have worked hard, often for less than they're worth, so a year-end bonus is a great way to show your appreciation. But what...

Nonprofit Gift Acceptance Policies: Your FAQs Answered

Nonprofit Gift Acceptance Policies: Your FAQs Answered

Today, gifts given to nonprofits come in various forms. They could be cash, securities, real estate, timeshares, art, or perhaps something more unconventional, like cryptocurrency donations. No matter what it is, your nonprofit should evaluate each one to determine if...

The Nonprofit Accounting Cycle: 8 Steps You Should Know

The Nonprofit Accounting Cycle: 8 Steps You Should Know

Whether you perform bookkeeping in the nonprofit or for-profit world, knowledge of the accounting cycle is a crucial asset. It helps paint a clear picture of your organization's financial health. But, what is the accounting cycle? We define it here, along with the...

Month-End Close: 3 Best Practices for Speedy Success

Month-End Close: 3 Best Practices for Speedy Success

How long does it take to complete your nonprofit's month-end close? According to a survey by Sage, about two-thirds of small to mid-sized businesses close their books in 15 days or less. However, 26% of those surveyed closed in one week or less (considered a best...

Will Your Nonprofit Face a First-Time Single Audit?

Will Your Nonprofit Face a First-Time Single Audit?

Pandemic Funding: Nonprofits Facing First-Time Single Audits Did your nonprofit receive any type of stimulus funding from the federal government during the pandemic? If so, your organization may be subject to an unexpected audit. Known as a "Single Audit," many...

Nonprofit Fraud: 6 Ways to Protect Your Organization

Nonprofit Fraud: 6 Ways to Protect Your Organization

Most nonprofits base their culture on honesty, trust, and a solid commitment to goodwill. But sadly, an organization's honorable mission and public image are not always resistant to fraud. According to the Association of Certified Fraud Examiners (ACFE) 2022 Report to...

How to Start a Nonprofit

How to Start a Nonprofit

If you're wondering how to start a nonprofit, kudos to you. It means that you want to make a positive difference and are willing to go above and beyond to ensure your mission is a success. Yes, it takes work, but what you put into it is what you get out of it — making...

Nonprofit Audits: 5 Reasons to Do One, Even if Not Required

Nonprofit Audits: 5 Reasons to Do One, Even if Not Required

Wondering if you have to perform an audit for your nonprofit? While the IRS doesn’t require nonprofits to obtain audits, some other state and government agencies do. Much of it depends on the size of your organization and its spending. But whether your nonprofit must...

Nonprofit Event Revenue Reporting: Form 990 vs. GAAP

Nonprofit Event Revenue Reporting: Form 990 vs. GAAP

If you're a nonprofit that hosts events, do you know how to report the revenue accurately? Whether an auction, marathon, ball, golf event or gala, accounting for each is tricky. That's especially true when reconciling between GAAP financial statements and Form 990....

Multiple Streams of Revenue: 11 Ideas for Nonprofit Success

Multiple Streams of Revenue: 11 Ideas for Nonprofit Success

Are you interested in multiple streams of revenue for your nonprofit? If so, you’re not alone. Part of a nonprofit’s mission is to generate sustainable funding for its cause. Creating a broad mix of funding sources is the key to a nonprofit’s financial success. It...

Top Trends to Be Aware of in 2022

Top Trends to Be Aware of in 2022

Nonprofits: Top Trends to Be Aware of in 2022 What are the top trends that nonprofits need to be aware of in 2022? It’s a good question considering the past few “unprecedented” years. While it’s impossible to predict the future, we’ve seen and experienced a lot with...

2021 COVID-19 Income Tax Deductions to Consider

2021 COVID-19 Income Tax Deductions to Consider

Did COVID-19 impact your income taxes in 2021? If you're not sure, some lesser-known tax deductions could help you reduce your tax burden. Because of the pandemic, many people worked from home, bumped up their charitable giving, and sadly, some even experienced the...

Nonprofit Accounting: Top 5 Reasons to Move to the Cloud

Nonprofit Accounting: Top 5 Reasons to Move to the Cloud

With cloud-based accounting, you’ll have a clear understanding of where your business stands financially, anytime, and from anywhere you have internet access. It’s real-time data you can trust — a significant asset for any nonprofit organization working with Qbix Accounting Solutions.

Qbix is starting a new team.  Would you like to join?

Qbix is starting a new team. Would you like to join?

Qbix is starting a new client services team! Qbix has been very fortunate, despite the pandemic, to have unprecedented growth. Nonprofits and small businesses alike are seeing the benefits of our well-trained teams and cloud-based solutions. Opportunities are remote...

Qbix 2020 Year in Review and Looking to 2021

Qbix 2020 Year in Review and Looking to 2021

What a year 2020 has been, huh? No one could have expected it to turn out the way it did. COVID-19 has been a game-changer for all of us. Every business and organization has had to work in new ways, requiring agility and quick pivots to keep up (Qbix included.) As a...

Nonprofit Financial Crisis: 5 Best Ways to Handle it Now

Nonprofit Financial Crisis: 5 Best Ways to Handle it Now

Do you foresee an impending financial crisis for your nonprofit? It's a scary prospect, especially with the current pandemic. Most know it doesn't take much for a financial crisis to occur. Examples include a terrible weather situation, a major cash-flow challenge, a...

The Must-Know Tax Implications for Working Out of State

The Must-Know Tax Implications for Working Out of State

During the pandemic, many of us fled home to find refuge in other places. Some moved in with mom and dad for a while. Others escaped to the safety of their secondary residences or vacation homes. Some got permission to work from anywhere in the country — and now find...

Trump’s Payroll Tax Cut: FAQs and What it Means for You

Trump’s Payroll Tax Cut: FAQs and What it Means for You

To put more money in American workers’ pockets, Trump’s new payroll tax cut may not be the pandemic relief many were hoping for. You see, it’s not exactly a "cut." It’s more like a tax holiday, or better yet, a tax deferral. Whether your business is a nonprofit...

Cryptocurrency: 3 Reasons Why Nonprofits and Donors Love It

Cryptocurrency: 3 Reasons Why Nonprofits and Donors Love It

Wait — cryptocurrency and nonprofits...all in the same sentence? Stick with us here, and you’ll soon understand why it makes a lot of sense (and literally, cents) for both donors and nonprofits. If you’re not familiar with cryptocurrency, Investopedia defines it as “a...

Nonprofit Survival During a Pandemic

Nonprofit Survival During a Pandemic

It doesn't matter if you're a person, a company, or a nonprofit organization, we're all doing our best to survive the coronavirus pandemic. Nonprofits are at an especially high risk of breakdown since they're pushed to the brink. More than ever, people have increased...

Nonprofit Fundraising: Tips for Surviving COVID-19

Nonprofit Fundraising: Tips for Surviving COVID-19

Most nonprofits know that the spring and summer seasons are the most popular times to hold fundraising events. But not this year. COVID-19 has canceled many, if not all, of those charitable initiatives. The coronavirus has negatively impacted all types of businesses...

Charitable Solicitation Rules: Your State’s Adjustments

Charitable Solicitation Rules: Your State’s Adjustments

Keeping up with change is a challenge, especially for nonprofits. In today's pandemic-driven environment, there are more than ever — especially if your organization handles charitable solicitations. Recently, more than half of the states with solicitation reporting...

Nonprofit Donor Disclosure Rules: What’s New

Nonprofit Donor Disclosure Rules: What’s New

Have you heard the latest in donor disclosure news? Recently, the IRS and the Treasury Department issued final regulations that changed the requirements for many tax-exempt organizations. The new rule means that most 501(c) nonprofits no longer have to report their...

Grants: Types, Management, and Tools for Success

Grants: Types, Management, and Tools for Success

Any nonprofit knows that grants are an essential part of the organization. They are the lifeblood that help achieve a nonprofit's mission. Knowing the types of grants that require management and the best tools to administer each is a key to success. Proper management...

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.

Navigating Nonprofit Bankruptcy

Nonprofit organizations play a critical role in our communities, with many delivering essential services and tackling social issues. However, even the most well-intentioned organization can face financial difficulties. In such situations, bankruptcy may be a viable...

read more

Nonprofit vs. For-profit Accounting: A Breakdown

Are you considering starting a nonprofit, or want a better understanding of how nonprofit finances work? This overview explains the key differences between nonprofit and for-profit accounting standards. It's not just donations and tax exemptions that distinguish...

read more

Choosing the Right Form 990: A Simple Guide for Nonprofits

Which Form 990 should you use? It's a question that resonates with many nonprofits — but don't worry. We'll break down the decision-making process in a way that's easy to understand. Keep reading to learn more about Form 990, the options available, and how easily to...

read more

More Than Dollars: The Real Value of Nonprofit Donors

In the nonprofit world, the never-ending pursuit of funds often overshadows the significance of donors themselves. Sure, the dollars are essential, but let's not underestimate the power of the generous people on a mission to improve the world. Donors are not just a...

read more

How Nonprofits Make Money: Exploring Diverse Income Sources

Nonprofits are key players in serving the public good, yet their financial landscape can be intricate. Despite the "nonprofit" label, these organizations have diverse income streams. Let's delve into why nonprofits need revenue and the innovative paths they take to...

read more

Nonprofit Financial Planning: 4 Vital Reports for Success

Developing a robust financial plan is crucial for the success of your nonprofit, as it not only ensures sustainability but also drives the fulfillment of your mission. Unlike for-profit companies, nonprofits have unique financial goals, requiring accountability,...

read more

Six Financial Management Tips for Small Nonprofits

It's no secret that small nonprofits try to do more with less. But to make the most significant impact, effective financial management is critical. Unorganized finances can lead to unnecessary purchases, improper fund allocation, and poor financial decisions —...

read more

Five SECURE 2.0 Changes That Impact Nonprofits

If your nonprofit handles employee's retirement plans (like a 403(b)), you'll want to know how SECURE 2.0 affects them. To give you some background, at the end of 2022, President Biden signed into law H.R. 2617, the Consolidated Appropriations Act. One of the...

read more

Keeping Your Public Charity Status is a Breeze

If you follow our blog, you may have seen our recent article about the pros and cons of public charities and private foundations (and how to decide which is best for your nonprofit.) Most founders concentrate on obtaining 501(c)(3) status – a public charity,...

read more

Nonprofit Accounting Year-End Checklist

As this year draws to a close, most people are dreaming about festive holidays and new year celebrations. However, the term "year-end" may harbor some anxiety for those in the nonprofit industry. There are seemingly tons of tasks to address before the current year...

read more

Nonprofit Employee Holiday Bonuses: Don’t be a Scrooge

As the year winds down and the holidays approach, it's time to consider paying your nonprofit staff a bonus. The employees of your organization have worked hard, often for less than they're worth, so a year-end bonus is a great way to show your appreciation. But what...

read more

Nonprofit Gift Acceptance Policies: Your FAQs Answered

Today, gifts given to nonprofits come in various forms. They could be cash, securities, real estate, timeshares, art, or perhaps something more unconventional, like cryptocurrency donations. No matter what it is, your nonprofit should evaluate each one to determine if...

read more

The Nonprofit Accounting Cycle: 8 Steps You Should Know

Whether you perform bookkeeping in the nonprofit or for-profit world, knowledge of the accounting cycle is a crucial asset. It helps paint a clear picture of your organization's financial health. But, what is the accounting cycle? We define it here, along with the...

read more

Month-End Close: 3 Best Practices for Speedy Success

How long does it take to complete your nonprofit's month-end close? According to a survey by Sage, about two-thirds of small to mid-sized businesses close their books in 15 days or less. However, 26% of those surveyed closed in one week or less (considered a best...

read more

Will Your Nonprofit Face a First-Time Single Audit?

Pandemic Funding: Nonprofits Facing First-Time Single Audits Did your nonprofit receive any type of stimulus funding from the federal government during the pandemic? If so, your organization may be subject to an unexpected audit. Known as a "Single Audit," many...

read more

Nonprofit Fraud: 6 Ways to Protect Your Organization

Most nonprofits base their culture on honesty, trust, and a solid commitment to goodwill. But sadly, an organization's honorable mission and public image are not always resistant to fraud. According to the Association of Certified Fraud Examiners (ACFE) 2022 Report to...

read more

How to Start a Nonprofit

If you're wondering how to start a nonprofit, kudos to you. It means that you want to make a positive difference and are willing to go above and beyond to ensure your mission is a success. Yes, it takes work, but what you put into it is what you get out of it — making...

read more

Nonprofit Audits: 5 Reasons to Do One, Even if Not Required

Wondering if you have to perform an audit for your nonprofit? While the IRS doesn’t require nonprofits to obtain audits, some other state and government agencies do. Much of it depends on the size of your organization and its spending. But whether your nonprofit must...

read more

Nonprofit Event Revenue Reporting: Form 990 vs. GAAP

If you're a nonprofit that hosts events, do you know how to report the revenue accurately? Whether an auction, marathon, ball, golf event or gala, accounting for each is tricky. That's especially true when reconciling between GAAP financial statements and Form 990....

read more

Multiple Streams of Revenue: 11 Ideas for Nonprofit Success

Are you interested in multiple streams of revenue for your nonprofit? If so, you’re not alone. Part of a nonprofit’s mission is to generate sustainable funding for its cause. Creating a broad mix of funding sources is the key to a nonprofit’s financial success. It...

read more

Top Trends to Be Aware of in 2022

Nonprofits: Top Trends to Be Aware of in 2022 What are the top trends that nonprofits need to be aware of in 2022? It’s a good question considering the past few “unprecedented” years. While it’s impossible to predict the future, we’ve seen and experienced a lot with...

read more

2021 COVID-19 Income Tax Deductions to Consider

Did COVID-19 impact your income taxes in 2021? If you're not sure, some lesser-known tax deductions could help you reduce your tax burden. Because of the pandemic, many people worked from home, bumped up their charitable giving, and sadly, some even experienced the...

read more

Nonprofit Accounting: Top 5 Reasons to Move to the Cloud

So you’re outgrowing your current accounting program and are curious about options for upgrading. Sure, your old software has worked “ok” for years, but as nonprofits change and grow, it’s time to consider a better system — one with the ability and agility to change...

read more

Qbix is starting a new team. Would you like to join?

Qbix is starting a new client services team! Qbix has been very fortunate, despite the pandemic, to have unprecedented growth. Nonprofits and small businesses alike are seeing the benefits of our well-trained teams and cloud-based solutions. Opportunities are remote...

read more

Qbix 2020 Year in Review and Looking to 2021

What a year 2020 has been, huh? No one could have expected it to turn out the way it did. COVID-19 has been a game-changer for all of us. Every business and organization has had to work in new ways, requiring agility and quick pivots to keep up (Qbix included.) As a...

read more

Nonprofit Financial Crisis: 5 Best Ways to Handle it Now

Do you foresee an impending financial crisis for your nonprofit? It's a scary prospect, especially with the current pandemic. Most know it doesn't take much for a financial crisis to occur. Examples include a terrible weather situation, a major cash-flow challenge, a...

read more

The Must-Know Tax Implications for Working Out of State

During the pandemic, many of us fled home to find refuge in other places. Some moved in with mom and dad for a while. Others escaped to the safety of their secondary residences or vacation homes. Some got permission to work from anywhere in the country — and now find...

read more

Trump’s Payroll Tax Cut: FAQs and What it Means for You

To put more money in American workers’ pockets, Trump’s new payroll tax cut may not be the pandemic relief many were hoping for. You see, it’s not exactly a "cut." It’s more like a tax holiday, or better yet, a tax deferral. Whether your business is a nonprofit...

read more

Cryptocurrency: 3 Reasons Why Nonprofits and Donors Love It

Wait — cryptocurrency and nonprofits...all in the same sentence? Stick with us here, and you’ll soon understand why it makes a lot of sense (and literally, cents) for both donors and nonprofits. If you’re not familiar with cryptocurrency, Investopedia defines it as “a...

read more

Nonprofit Survival During a Pandemic

It doesn't matter if you're a person, a company, or a nonprofit organization, we're all doing our best to survive the coronavirus pandemic. Nonprofits are at an especially high risk of breakdown since they're pushed to the brink. More than ever, people have increased...

read more

Nonprofit Fundraising: Tips for Surviving COVID-19

Most nonprofits know that the spring and summer seasons are the most popular times to hold fundraising events. But not this year. COVID-19 has canceled many, if not all, of those charitable initiatives. The coronavirus has negatively impacted all types of businesses...

read more

Charitable Solicitation Rules: Your State’s Adjustments

Keeping up with change is a challenge, especially for nonprofits. In today's pandemic-driven environment, there are more than ever — especially if your organization handles charitable solicitations. Recently, more than half of the states with solicitation reporting...

read more

Nonprofit Donor Disclosure Rules: What’s New

Have you heard the latest in donor disclosure news? Recently, the IRS and the Treasury Department issued final regulations that changed the requirements for many tax-exempt organizations. The new rule means that most 501(c) nonprofits no longer have to report their...

read more

Grants: Types, Management, and Tools for Success

Any nonprofit knows that grants are an essential part of the organization. They are the lifeblood that help achieve a nonprofit's mission. Knowing the types of grants that require management and the best tools to administer each is a key to success. Proper management...

read more

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....

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more

Nonprofit Accounting Challenges: Mastering FASB

Nonprofit Accounting Challenges due to ASC 606 The long awaited standards update has brought forth nonprofit accounting challenges as well as clarification. Since its release, nonprofits have been struggling with the specifics. You may have read our intro to the new...

read more

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...

read more

Non Profit Organizations: Eleven to Heaven

Overview Assembling Your Team Fortify Your Financial Schematics Bolstering the Blueprints of Business Before You Go   An Ocean’s Eleven Approach to Nonprofit Team Composition Imagine for a moment that you’re planning a heist. Actually, let’s reframe this. Imagine...

read more

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...

read more

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...

read more

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...

read more

Nonprofit Financial Statement of Activities, En Garde!

As you may remember from the last post, before learning how to properly run net assets on your lemonade stand, there was brief mention of the Nonprofit Financial Statement of Activities. As you were surely made insomniac by the mystery, fret no longer. It's time to...

read more

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...

read more

Nonprofit Financials: Find the Hidden Lemon

People are often under the misconception that for-profit financials and nonprofit financials operate the same. Even a quick look at the accounting process in both will show that this cannot be the case. Don't Call It a Balance Sheet One of the major differences...

read more

Nonprofit Financial Statements: FASB Update

Are your nonprofit financial statements in order for this coming fiscal year? Due to FASB's new reporting requirements, now is great time to reevaluate the quality and compliance of your organization's financial statements. New FASB Requirements in 2018: Is This a...

read more

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...

read more

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...

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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...

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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...

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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...

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Conference with LeadingAge of Georgia and South Carolina

Will we see you at the Living on Purpose conference? The three-day intensive conference Living on Purpose Conference with LeadingAge of Georgia and South Carolina is in Greenville, SC this year and offers education to the dedicated individuals like you who provide...

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Idealware Nonprofit Panel Features Rocky Davidson CPA

Selecting Accounting and Financial Management Software for Your Nonprofit Free Webinar, April 5, 1pm to 2pm Eastern Time The marketplace for nonprofit accounting and financial management software is more competitive than ever. The good news is nonprofits have never...

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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...

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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....

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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...

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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...

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Is Accounting the Blind Spot of Your Meals On Wheels?

Is Accounting the Blind Spot of Your Meals On Wheels Nonprofit Organization? - As the Chief Executive of Meals On Wheels you must manage many moving parts: a dynamic distribution network, strenuous compliance that comes with Federal and State funding, the increasing...

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‘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...

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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...

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How Meals on Wheels America “Kills Stupid Work”

How Meals on Wheels America “Kills Stupid Work” It’s unusual phrase: “Kill Stupid Work.” But it draws attention to something Meals on Wheels America wants to avoid and serves as a rallying cry. “We don’t spend the time we used to spend in spreadsheets trying to build...

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GuideStar Enters Partnership With Intacct

You probably know about GuideStar – the world’s largest source of nonprofit information. I am out on GuideStar daily and I’m not the only one – each year, more than 8 million people including individual donors, nonprofit leaders, grant makers, government officials,...

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First in The USA AICPA CAAS Designation!

The AICPA has developed a new designation for accountants that provide Client Accounting Advisory Services. To obtain the certificate, one should be providing such services. And Qbix has been on the forefront of CAAS for years.  In addition, there are a number of...

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11 Reasons to Outsource Your Accounting

Top 11 Reasons for Nonprofits to Outsource their Accounting by Rocky Davidson, CPA Each nonprofit is different. But for the most part, these reasons to outsource apply to every nonprofit seeking to better fulfill their mission. Here are the Top 11 Reasons for...

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Number 1 Time-Saving Tip for Nonprofit ED’s?

What is the Number 1 Time-Saving Tip for Nonprofit Executive Directors? You reach the end of the day and it’s been exhausting. You’ve moved from one thing to another to another and yet – with all the motion and activity there is little forward progress. You’ve been...

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90 Day Makeover

When you outsource your accounting, it’s a little like having a makeover. There’s immediate improvement and a process in place to present your “best self” to the public. It feels great! Generally speaking, most nonprofit organizations could greatly benefit from...

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Transparency and Accountability Through Sound Financials

Demonstrate Transparency and Accountability Through Sound Financials Sometimes the truth of the matter needs to remain anonymous. This is a fictionalized account of some very real experiences. This is an excerpt from the eBook 'Confessions of Nonprofit Executive...

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Meals on Wheels 2017 Conference and Expo

Meals on Wheels 2017 Conference and Expo Next stop:  Denver!  Qbix Accounting Solutions will be at the  Meals on Wheels 2017 Conference and we hope to see you there.  We are supporting the important work you do for our communities by supporting your conference as an...

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Hope to see you at n4a conference

We're looking forward to the n4a conference "Answers on Aging." Qbix Accounting Solutions will be manning a booth (#812) at the 42nd annual conference which runs July 31 - August 3.  Please note the tradeshow only runs on Sunday and Monday This year the conference is...

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Increase Awareness of Your Nonprofit

What if I told you that there was a site that attracted 7 million annual online visitors with an interest in nonprofits? That's 19,000+ daily visitors These visitors are comprised of funders, individual donors, financial advisors, volunteers, other nonprofits and...

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7 Reasons Nonprofits Love Working with Qbix

1.Efficiency “It’s the rare quick fix that addresses our organizational need and delivers value.” Spend your time improving operations and fulfilling your mission. Remove the daily distractions of accounting by outsourcing to Qbix. 2.Qualified and Experienced Staff...

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Nonprofit Weakest Link

Accounting is generally the nonprofit weakest link. Recently on a webcast hosted by Nonprofit Quarterly the following five areas were identified as links in a nonprofit’s shared financial management model: 1. Documentation of spending 2. Authorization for purchases 3....

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Easy Best Practices for NFP Management

Why isn’t it simple and easy for nonprofits, more specifically your nonprofit, to manage accounting? The answer for most nonprofits is accounting expertise. The human element, the skill and knowledge necessary to develop and manage an appropriate nonprofit accounting...

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Nonprofit Payroll – 3 Reasons to Outsource with Qbix

Nonprofit payroll administration is a complex duty. The stakes are high and your employees expect to get paid in full and on time. It’s not simply a matter of cutting checks anymore: there are benefits withholdings, tax withholdings and filings, and sensitive employee...

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We Welcome Jennifer Chapman, CPA to Our Team!

We are very excited to announce that Jennifer Chapman, CPA has joined our team at Qbix. Before joining Qbix, Jennifer gained over 14 years of experience in public accounting at Mauldin & Jenkins, a Top 100 accounting firm, with particular expertise with nonprofit...

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The 12 Days of Christmas with Outsourced Accounting

When nonprofits outsource their accounting to Qbix, the usual reaction is amazement at how easy the process is and how quickly they begin to get the information they need. Given the season, we’ve had a little fun assembling a list (think the 12 Days of Christmas) of...

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Is Your Nonprofit Accounting Locked In The Past?

Is your nonprofit accounting locked in the past? Much has changed in the last five years. The innovations in technology have changed the devices people rely on from everything from social media communication, banking, and a little closer to home for nonprofits, online...

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Let Us Prepare Your Form 990

Save time, money, and stress. Let us prepare your Form 990. Schedule a consultation today.