Budgeting for Nonprofits Checklist

by CL Davidson | May 30, 2019 | Behind the Q, NonProfit

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...

Nonprofit Accounting Challenges: Mastering FASB

by CL Davidson | May 20, 2019 | Behind the Q, NonProfit, Nonprofit Accounting Source

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...

NFP Accounting Standards on Late Night

by CL Davidson | Apr 19, 2019 | Behind the Q, NonProfit

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...

Non Profit Organizations: Eleven to Heaven

by CL Davidson | Mar 15, 2019 | Behind the Q, NonProfit, Nonprofit Accounting Source

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...

Nonprofit Fund Accounting: A Silo Solution

by CL Davidson | Feb 27, 2019 | Behind the Q, NonProfit

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,...

5 Nonprofit Annual Report Essentials

by CL Davidson | Feb 12, 2019 | Behind the Q, NonProfit

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...