Do Nonprofits Use Cash or Accrual Accounting?
The Charity CFO
APRIL 5, 2022
Cash accounting does not comply with Generally Accepted Accounting Principles (GAAP) for nonprofit organizations. Also, revenue must be recorded when it is actually or “constructively” received. Do you need to undergo an audit? . You are in one of 26 states that require an audit of all nonprofits. ??
Let's personalize your content