The Uniform Grant Guidance (2 CFR 200) is a set of regulations that govern the administration of federal grants to non-profits in the United States. These regulations are intended to ensure that federal grant funds are used effectively and efficiently to achieve the intended outcomes and objectives of the grant program. One of the main […]
Uniform Grant Guidance Read More »
You will be able to manage, prepare and maintain fund balance reports manually or with a computerized accounting system. Prepare for A-133 audit requirements of some non-profit organizations depending on size of federal funding, and prepare and support grant fund allocations for funding sources. You will also learn to provide fund reports to management, auditors,
Why you need the Grant Management Fund Accounting Book Read More »
Everyone in your organization who is responsible for grant management should take the time to review this book to get a basic understanding of what is required to manage your grant and ensure the organization is in compliance with the grantor’s requirements. This includes those who prepare grant proposals and those who record and report
Fiscal Compliance – 2016 FASB Updates Read More »
This can actually happen to you. Your finance committee or board meets. The members are presented with a packet of information that includes financial reports prepared by your accounting department and reports prepared by your development department. As the members review these reports, they notice the contributions from your accounting department do not agree with
Avoid Discrepancies when Recording Contributions Read More »
It is not surprising that many nonprofit board members do not fully understand financial statements—despite the fact that understanding those statements is very important to good governance. In my consulting career with non-profits I have found that so many executives and board member have no clue about financial statements and not being able to read
Non-Profit Trends Reporting Read More »
Non-profits have many challenges, ensuring adequate funding is one challenge but operations can be an equally challenging endeavor. The major interest of funders, donors, board members, communities, beneficiaries, governments or any other interested parties in a non-profit organization is whether the nonprofit has achieved its mission. Managers of nonprofits have the fiduciary responsibility to efficiently
Non-Profit Accounting Challenge Read More »
Online Calendar View due dates and actions for each month. You can see all events or filter them by monthly depositor, semiweekly depositor, excise, or general event types. Visit this page on your Smartphone or tablet, so you can view the Online Calendar on your mobile device. View the Tax Calendar Online (en Español) Calendar
IRS Tax Calendar for Businesses and Self-Employed Read More »
First I would like to thank all of you for the support you have given this site. As I have said before I strive to provide only information that I believe will be of value to my readers. Saying that, I will not be posting to fill space or to show that I can post
Updated Resource Center Read More »
This is a re-post from Journal of Accountancy that I would advise you subscribe to for updates on various issues that will affect non-profits. Here is the article: Not-for-profit executives and finance teams—and the boards that oversee those organizations—are facing challenging times. In addition to the uncertainty of the upcoming U.S. election, they are confronting
How Not-for-Profits can stay strong amid uncertainty Read More »
Cost sharing or matching is the financial support contributed by organizations to sponsored projects. Compliance with federal cost accounting standards requires that cost-shared expenses be treated in a consistent and uniform manner in proposal preparation, award negotiation and the accounting of these expenses in the financial reports to sponsors. Your organization should assume a cost-sharing
Cost Sharing/Matching Requirements Read More »