The Charity CFO

APRIL 13, 2023

Accounting Standards In the United States, all organizations must adhere to the Generally Accepted Accounting Principles (GAAP). For nonprofits, however, there is an additional and specific set of standards that organizations must follow, as set out by the FASB 117. Taxes Yes, taxes.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

The Charity CFO

NOVEMBER 10, 2022

Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact. As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

The Charity CFO

JANUARY 21, 2022

Most not-for-profit organizations and entities–like 501(c)(3) charities, churches, religious institutions, government agencies, nonprofit nursing homes and hospitals, and educational institutions– are required to use fund accounting. If you’re looking for info on fund accounting in government here is a great resource for you.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

DECEMBER 8, 2022

A nonprofit grant is a type of financial assistance that your organization receives from government agencies, foundations, corporations, businesses, individuals, or educational institutes for a nominated project, program, or initiative. Develop strong financial reporting procedures. What is a Grant? Get the free guide!

Accounting 52

Accounting Nonprofit Auditing Compliance 52