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 »
Payroll is an essential function of every organization, but it is easy for non-profits to make it a low priority as they strive to meet the organizations mission. Many small nonprofits struggle to meet Human Resources needs, lacking the funding for dedicated HR staff and the experience that comes with it. However, not giving enough
Considerations for your Non-profit Payroll 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 »
As you may be aware, there have been several changes in due dates for federal tax returns. These changes are generally effective for tax years starting after December 31, 2015 – that is, for 2016 tax returns prepared during the 2017 filing season. These modifications relate mostly to flow-through entities, including partnerships and S corporations
New Due Dates for Tax Returns Due in 2017 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 »
Budget for Government Grants Posted: June 6, 2009 Shawn H. Miller, CPA, CFE Calibre CPA Group PLLC This article was posted by Mr. Miller on the Non Profit Accounting Basics website in 2009 and is still very much prevalent today. When you receive a grant from a governmental agency, it will typically include a program
Budget for Government Grants 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 »
FINANCIAL MANAGEMENT GUIDELINES FOR NON-PROFIT AGENCIES Part 3 of 3 Separation of Duties In parts 1 and 2 we looked at practical information on what is expected from organizations that have or anticipate receiving grants from federal funding either directly or as a sub-recipient regarding fiscal accountability. We also looked at Fiscal Policies that should
FINANCIAL MANAGEMENT GUIDELINES Part 3 Read More »