Found 1062 Results
Reply To: Need expert to assist with post-dissolution contact from IRS
It is good to hear that this one ended well. An IRS letter can certainly make anyone pause before opening the envelope. Payroll providers often…
Reply To: Programmatic Budget
Separating programme and administrative costs can become surprisingly complicated. The starting point is usually knowing how staff actually divide their time between activities. Without that…
Reply To: Capital Campaign Accounting
Starting a first capital campaign can feel like learning a new accounting language. A separate chart of accounts can make construction costs, campaign expenses, and…
Reply To: IRS Tax Exempt Organization Search Vs Nonprofit Check Plus API
The Nonprofit Check Plus API is designed as a consolidated service that combines IRS tax-exempt status, revocation history, ruling dates, and compliance checks into a…
Reply To: Revisions to OMB Guidance on Federal Grants
Hello Wade. This certainly looks like encouraging news for many nonprofits. The increase to a 15 percent de minimis rate is particularly interesting. I think…
Reply To: The Painful Path of QB Desktop to QBO
Mary Ellen, you have described the migration rather perfectly. Moving from Desktop to QBO can certainly feel like trying to teach an old dog several…
Reply To: LUNA
Hello Donald, welcome to the community. Your calculation looks right to me. It follows the standard approach to calculating Liquid Unrestricted Net Assets, with the…
Reply To: Need help finding a new treasurer (all volunteer run Board of Directors)
Hello Bradley. It is a difficult situation when a volunteer feels unappreciated, especially when you are already relying on a small group of people. Rather…
Reply To: Implementation of ASU 2016-13 Current Expected Credit Losses
Hello Janet. This is certainly one of those standards that can make a relatively simple situation feel rather complicated. If your organisation has experienced very…
Reply To: Net Assets & Restrictions
Hello Caroline. I agree with Wade that releasing a restriction is generally a reclassification rather than a change in total net assets. In simple terms,…