generally accepted accounting principles

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…

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…

Fixed 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…

If 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…

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.…