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Non Profit Accounting Blog by Qbix

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

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 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

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:  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

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!

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 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 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 - 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 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

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!

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...

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...

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,...

First in The USA AICPA CAAS Designation!

The AICPA has come out with a new designation for accountants who provide Client Accounting Advisory Services, "CAAS". To obtain the certificate, you should certainly be providing those services, which Qbix has been on the forefront of.  In addition, there are a...

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...

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...

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...

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...

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...

Don't Sweat the Numbers!

Be the smartest person in the room when it comes to nonprofit accounting for 

your organization, because Qbix has your back!