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Learn MoreNot-for-profit entities are typically well-versed in the need to track grant expenditures, and may have robust accounting systems or policies and procedures in place. However, for-profit entities may not be as familiar with the importance of tracking grant expenditures separately. Grant...
Read MoreOur recent webinar offered a comprehensive overview of the latest developments and standards in not-for-profit accounting, aimed at keeping our clients abreast of significant changes and challenges in the field. Specifically, we discussed the applicability of new and future accounting...
Read More** This blog was last updated 12/20/24 ** While a not-for-profit entity receiving federal funds is subject to what’s known as a Single Audit, a lesser known fact is that for-profit entities awarded federal grants also have an audit to prepare for, helping to ensure those funds are being used...
Read MoreJoin us Wednesday, June 26, for a not-for-profit accounting webinar and earn CPE credit!
Read MoreAs a not-for-profit dealing with the never-ending struggle to raise funds, you might look for more creative ways to meet your budgeted revenue goals. In some cases, certain activities surrounding high-profile events, such as Super Bowl Squares or NCAA March Madness bracket pools, may seem like...
Read MoreNot-for-profit entities are constantly telling their story — whether to raise funds, recruit talent or comply with regulatory requirements. Financial information often makes up a large portion of that story, but nonfinancial information related to the organization’s mission and its impact in the...
Read MoreThe wide range of tax and timing implications associated with charitable giving has led to the creation of a variety of donation types and structures. And with that, of course, comes a plethora of accounting implications to be aware of if you are responsible for your not-for-profit’s financial...
Read MoreRevenue recognition, arguably one of the most difficult areas in terms of interpreting not-for-profit accounting guidance, is about to get a major overhaul. However, much of the difficulty and judgment that currently exist aren’t going anywhere. Revenue recognition is an area that often trips up...
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