posts tagged as Accounting


By Nonprofit Practice Leaders | November 11, 2021

Data Shows Nonprofits are Optimistic for 2022: Benchmark Yourself Against Industry Peers

Over the past 18 months, the nonprofit industry has felt an accordion effect of pressures stemming from COVID-19 and its related impacts. Inevitably, there were varied experiences for organizations across sectors, from surges in demand... read more


By Lee Klumpp | December 22, 2020

Nonprofits Have Additional Time to Comply with New Lease Accounting Standards

In 2016, the Financial Accounting Standards Board (FASB) updated its lease accounting guidance (ASC Topic 842) and closed a diversity in practice in the previous standard. The major change is that organizations must now include lease... read more


By Barbara Finke | November 18, 2020

Is Your Organization Audit Ready?

Whether you are facing an audit for the first time or you have been audited for years, making sure that your nonprofit organization is ready can be overwhelming, especially given the challenges of COVID-19. read more


By Barbara Finke | October 06, 2020

If, When and How Nonprofits Should Consider Reforecasting their Budgets

The pandemic has inspired many nonprofits to reflect on what’s working well for their organizations and what could be working better. Discover important considerations nonprofits should keep in mind when it comes to reevaluating how they... read more


By Tammy Ricciardella | September 24, 2020

New Accounting Standards Update On Nonprofit Gifts-in-Kind

The Financial Accounting Standards Board (FASB) has issued the anticipated Accounting Standards Update on presentation and disclosures of contributed nonfinancial assets for nonprofits. Our latest blog post details how the gifts-in-kind... read more


By Nonprofit Practice Leaders | August 10, 2020

Updated: Main Street Lending Program Now Open to Nonprofits

Recently the Federal Reserve announced an expansion to its Main Street Lending Program (MSLP) to aid nonprofit organizations impacted by COVID-19. Though the application process is not yet open, organizations should begin forecasting... read more


By Lee Klumpp | July 21, 2020

Congress Passes the Protecting Nonprofits from Catastrophic Cash Flow Strain Act to Assist Nonprofit Organizations

On July 2, 2020, the Senate unanimously passed legislation to assist nonprofits and governmental entities. The House passed the bill in a pro forma session on July 9, 2020. The bill is now headed to the president for his signature. read more


By Nonprofit Practice Leaders | June 17, 2020

New Data – Nonprofits, Benchmark Against Your Peers and Push Your Mission Forward

Facing unprecedented disruptions, the world is relying on nonprofits more than ever before. Now in its fourth year, our annual Nonprofit Standards benchmarking survey arms your organization with the metrics needed to gauge how you stack... read more


By Jeff Tubaugh | May 21, 2020

New Bill Serves Up Additional Opportunity for the Restaurant Industry

In what would be a tremendous victory for the restaurant industry, the House is expected to vote next week on a stand-alone, bipartisan Paycheck Protection Program bill. read more


By Nonprofit Practice Leaders | May 19, 2020

First Look: PPP Loan Forgiveness Application

On Friday, May 15, 2020, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. Concurrent with the application’s release, the Department of the Treasury announced that... read more