Do Nonprofits Use Cash or Accrual Accounting?
The Charity CFO
APRIL 5, 2022
Also, revenue must be recorded when it is actually or “constructively” received. Income is constructively received when an amount is credited to your account or made available to you without restriction, regardless of whether or not it’s been deposited in your bank account. Do you need to undergo an audit? .
Let's personalize your content