Planning Center Online (PCO) is a great software for churches. It’s versatile, it contains many different features churches need, and you only pay for the products you use. You can…
Tag:
gaap
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Every January we hear some frequently asked questions from our nonprofit and church customers who are logging transactions and closing the books for the previous year. Since it can be…
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GAAP frequently comes up in the nonprofit accounting world. Because it’s such a complicated topic, there are a number of misconceptions surrounding GAAP for nonprofits. Many organizations know the term…
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Nonprofit AccountingNonprofit Management
Fixed Assets And Fixed Asset Tracking
by Eric Burgessby Eric BurgessFixed Assets Fixed assets are commonly found on a balance sheet in the assets section. Other items grouped together in the assets section usually include cash, investments, accounts receivables, and…
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LessonsNonprofit AccountingNonprofit Management
How To Account For Donated Items
by Alex Acreeby Alex AcreeIf your nonprofit does fundraising, you will probably receive items that can be used in a silent auction or sold in a raffle. But how do you treat these donations…
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Intro To Nonprofit Accounting: Lesson 7 In the final lesson of this series, we will take a look at the nonprofit accounting standards your accounting system needs to adhere to.…
