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Non-cash donations to a nonprofit organization are called in-kind contributions, and they come with their own set of requirements—that apply to both the nonprofit and its donors.
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Your government audit takes place once a year so it can be tempting to only think about it, well, once a year. But preparing last-minute can increase your audit-related stress and keep your organization from being truly prepared.
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Under the “current expected credit loss” (CECL) model, entities will will need to consider all forward-looking information when determining allowances for credit losses. Here’s what you need to know about the model.
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Webinar hosted Wednesday, November 8, 2023 | 11:00 AM – 12:00 PM CDT
Join us for our upcoming webinar which will provide an overview of the new GASB standards and help you understand how they will impact your organization.
Should your company report tax positions taken (or to be taken) on tax returns before they’re resolved with the tax authorities? Check out this overview of the rules for uncertain tax positions (UTPs) under GAAP.
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If your organization is like most, it maintains several—if not dozens—of software subscriptions. Now, thanks to GASB Statement No. 96, your organization will need to account for and disclose these subscriptions.
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No business owner has a fully functional crystal ball. But a carefully created forecast or projection can help you better prepare for the future.
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Collecting payment from customers takes time and patience. To bridge the cash gap, consider some creative strategies to monetize outstanding receivables.
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Private companies will be exempt from a coming FASB proposal on disaggregating income statement expenses, but including comprehensive expense disclosures may be a good idea regardless of whether your business is private or public.
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Nonprofits aren’t designed to generate a profit, but they still need to monitor their financial health. Learn how QuickBooks can help you track your progress toward achieving financial targets this year and for years to come.
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