The Charity CFO

JANUARY 31, 2022

To comply with Generally Accepted Accounting Principles (GAAP), you must separate your revenue into at least 2 categories: Restricted Revenue shows funds with donor-placed restrictions on how or when you can spend the money. At The Charity CFO, we help 150+ nonprofits get audit-ready financial reports monthly, like clockwork.

Nonprofit 98

Nonprofit Profit and Loss Auditing GAAP 98

CFO Share

AUGUST 5, 2021

The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Consult your CPA or fractional CFO if you are unsure of your effective tax rate. Other distribution expenses, such as rent.

Forecasting 96

Forecasting GAAP Profit and Loss Accounting Principles 96

The Charity CFO

JANUARY 5, 2022

This may include materials, advertising, salary of program administrators, a portion of your rent, and more. That may include special event costs, advertising, staff salaries, and more. . The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Get the free guide! To pass an independent audit.

Nonprofit 96

Nonprofit Auditing GAAP CFO 96

The Charity CFO

JANUARY 5, 2023

When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Expenses: Typical expenses include salaries & benefits, insurance, consultant fees, office fees, travel, professional development, utilities, marketing and advertising, program expenses, and fundraising expenses.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

CFO News Room

NOVEMBER 2, 2022

Yours truly has already written – at excruciating length – about the SEC’s (new) Marketing Rule and the fact that it now permits the use of client testimonials in SEC-registered adviser advertisements. Those that have rules that do not specifically prohibit testimonials and do not specifically defer to the SEC’s Marketing Rule.

Compliance 130

Compliance GAAP Investments Advertising 130