Are You Thinking About Transparency?
Did you know your organization’s transparency could be hindering your support? Not-for-profit organizations may be seeing an erosion of trust by the public.
Implementing the New Lease Standards
Implementation of the long awaited lease standard is rapidly approaching. This standard will require an organization to capitalize all material leases, including operating leases.
Getting the Most Out of Your Audit
Whether you are currently working on closing the year or in the midst of your organization’s busy time, your annual financial statement audit will be here before you know it, regardless of fiscal year end.
Streamlining for Savings
I am the CFO…and bookkeeper. I am a finance, accounting and HR department of one. I work three days per week in a 10’ x 10’ office with minimal storage or desk space. What’s the key to my success?
More Lease Accounting Rules: Changes to Accounting for Leases
As you probably know, there are some significant changes to not-for-profit financial reporting that will affect your calendar 2018 and fiscal 2019 financial statements. Depending on the type of revenue streams that you have, the rules regarding how you recognize revenue may also affect your financial statements.
Holiday Fundraising Tip and Treats
For not-for-profits, this holiday season brings the opportunity to raise a few extra dollars amid all the revelry. However, fundraising is not as simple as just holding out a hand and expecting to receive a holiday bounty. Here a few things for not-for-profits to think about during this time of the year.
Take Another Look at Telecommuting
Marva M. Flanagan
These days, everyone seems to be working remotely from his or her home offices. If your organization has yet to turn to telecommuting, or offers it only on a limited basis, you might want to take another look at the option.
Revenue Recognition Standards: How Is Your Not-For-Profit Affected?
When the Financial Accounting Standards Board’s new revenue recognition standard was released in 2014, many organizations and businesses were unsure on how it would affect them. In particular, not-for-profit organizations were unclear on the potential impact. Here is a refresher on the standards to determine how your organization may be affected.
ASU 2016-14: The Rules of Restricted Donations
Caitlin G. Gibbs
With the upcoming net asset classification changes to not-for-profit financial statements under ASU 2016-14, now is as good a time as ever for a refresher on the rules of restricted donations. First, let’s briefly touch on the net asset changes that are rapidly approaching.
Strategies for Maintaining and Growing Donations Under the New Tax Law
When the economy improves, not-for-profits typically find that donations also grow. But, the latest economic swing comes on the heels of a sweeping new tax law that many fear will counter that effect. The Tax Cuts and Jobs Act may disincentivize charitable giving for all but the wealthiest contributors.