Found 1059 Results
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,…
Reply To: Expense Reports
Hello John. For me, the key to a good expense policy is making the rules clear enough that nobody has to become a detective afterwards.…
Reply To: Checklist / costs for closing down?
Hello, Gwen. This is a sensitive subject, but it is certainly worth planning for. Some final costs, such as legal fees for dissolution and the…
Reply To: Does anyone self-insure for Unemployment Tax
Hello, Holly. This is a very practical question. I think the decision comes down largely to the organisation’s size and appetite for risk. For many…
Reply To: Is every board member legally responsible for the integrity of our books?
Hello, Kelle. While I am not a lawyer, I would lean strongly towards this being a shared board responsibility. The treasurer may provide financial oversight,…