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...
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...
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...
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...
Don’t Forget Your CompassIn 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 nonprofit,...
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...
