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Although FASB’s CECL impairment model directly impacts financial institutions, nonprofits are not spared from its effects. Find out how CECL could impact your nonprofit organization.
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An active finance committee is crucial to maintain a nonprofit’s health and reputation. The success of a finance committee depends on the board, staff and committee members understanding the committee’s duties.
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Despite being non-financial, non-cash donations (a.k.a. in-kind contributions) can help to bolster your organization’s bottom line. Check out these three ways to make the most of them.
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Like many other employers suffering through the so-called Great Resignation, some nonprofits are struggling to fill — and keep filled — all of their positions. Automating processes with software could provide relief for organizations of every size.
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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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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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Growing your nonprofit organization requires more than a well-crafted strategy. You also need efficient administrative processes. Discover five tips for enhancing your organization’s processes.
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To avoid IRS consequences and keep your tax-exempt status, it’s important for nonprofits to file Form 8822-B when changing location or identity.
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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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Abdo’s nonprofit consultants will work with you to make sure you’re well prepared to tackle anything the Single Audit brings your way.
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