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When Your Nonprofit Executive Moves On

It’s inevitable. Nonprofit executives will come and go. When a beloved leader decides to retire or leave an organization, it offers both challenges and opportunities. The shoes of a great CEO or CFO can be hard to fill. Finding someone to care for the people and believe in the mission who also has great leadership […]


It May Be Time to Update Your Nonprofit Policies

It may be time to update your nonprofit policies about how grants and contributions are accounted for in your organization’s financials. FASB issued a proposed Accounting Standards Update (ASU), titled Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made. Although the comment period is now closed (it closed November 1, 2017), nonprofits […]

nonprofit best practices

Nonprofit Best Practices: Budgeting Early, Updating Budgets Often

Among the many nonprofit best practices discussed in trade magazines and industry circles, budgeting is often relegated to the back pages or as an afterthought. Sound budgeting is the fuel that runs the nonprofit engine, ensuring that every program has enough support to run for the year and that funds are allocated fairly throughout the […]

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Nonprofit Best Practices

Nonprofit Best Practices: Preparing for an Audit

A smooth audit is possible for your staff and the auditors. Nonprofit best practices, including preparing documents ahead of time, saves time and decreases the potential for distraction. Preparing an engagement letter, (aka: Request for Proposal) is oftentimes used as a roadmap during the audit, however, you may still have questions about exactly what the […]

nonprofit policies

Do Work at Home Options Increase Productivity for Nonprofits?

Studies reveal, compared to employees that come into the office, at-home workers tend to be happier and less likely to quit as well as more productive. BizTech magazine reports that remote employees tend to work 20 percent more than on-site employees. They typically clock more than 40 hours per workweek, too. Are you ready to […]

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not for profit organizations

Not for Profit Social Media on the Rise

69 percent of the public is using social media. 7 out of every 10 Americans are tweeting, pinning, and posting to connect with others, engage with news content, share information, and entertain themselves. Social media has become an important communication channel for all, including not for profit organizations. Top Social Sites for Not For Profits […]

Top view of an auditor making calculations

Careers in Accounting for Nonprofits: Become an Internal Auditor

  There’s a strong need in the nonprofit sector for more internal auditors. Accounting for nonprofits includes the role of the internal auditor, a staff member whose job it is to audit the finances of the organization but there are challenges in the industry to find good internal auditors. According to a Deloitte study, only […]

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rbp 45

Revenue Recognition Topics in Nonprofit Accounting

  Revenue recognition is an important topic for nonprofit accounting. Recent FASB updates changing revenue recognition guidelines and standards for nonprofits make it more important than ever to be clear on how your organization recognizes revenue. Many nonprofits struggle with the decision to recognize revenue as contributions or exchange transactions. The distinction between the two […]

nonprofit accounting

Nonprofit Accounting: Setting Transfer Pricing Policies

Among the many topics in nonprofit accounting, one of the least considered is setting transfer pricing policies. Transfer policies are often forgotten or neglected, yet they are critical for an accurate evaluation of your organization’s income and expenses. Transfer pricing means establishing the price for one division of your company to charge another when it […]

nonprofit accounting software

Use Your Nonprofit Accounting Software to Build Better Budgets

Your nonprofit accounting software can be used to build better budgets. The budgeting process is one that many people view as a tedious exercise, but it really is a simple tool that can help you detail unique features of the income and expenses needed for your nonprofit. An annual budgeting cycle can help you evaluate […]

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