Accounting
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Audit Threshold Changes Are Coming to Wisconsin
Assurance threshold changes, along with the recent changes to single audit requirements, could help nonprofit organizations save money on assurance requirements.
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CECL for Nonprofits
The Current Expected Credit Loss (CECL) model requires immediate recognition of estimated expected credit losses over the entire life of a financial asset.
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Making Technology an Integral Part of Your Nonprofit
AI is revolutionizing multiple aspects of nonprofit work, such as fundraising, accounting, donor engagement, volunteer management, and data analysis.
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Exciting New Uniform Guidance Changes Ahead
OMB is rolling out new changes to the Uniform Guidance. Review some quick highlights.
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Compliance and Transparency: Managing Interfund Transactions in Nonprofits
There are several critical data points you should be tracking to properly manage your interfund accounts. Learn why the process is important.
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Elevate Your Relationship With Your Outsourced Service Provider
Whether your decision to outsource is based on cost, technology, or staff shortages, there’s likely room for improvement in your provider relationship.
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Modernize and Streamline Your Chart of Accounts for POWERFUL Communication!
Modernizing and reworking your chart of accounts can help you communicate financial information powerfully in your nonprofit. If your COA is cluttered it’s probably time to reorganize it and save time and frustration in preparing financials. Reorganizing your COA will also help you communicate more powerfully to your users of financial information.
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Using Your System to Track Restricted Net Assets
Are you frustrated using spreadsheets to track net assets? Learn how to set up your accounting system to properly track and report on net assets inside your software.
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What to do when your finance team is short-staffed
If your nonprofit is struggling to find and keep finance staff consider looking for ways to automate or outsource, standardize work and cross-train, and focus on creating a culture of service.
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Lead Financial Transformation In Your Nonprofit
You can lead financial transformation in your nonprofit by taking small steps each day to learn and grow.