Non Profit Accounting Blog by Qbix

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.

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...

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.