Revenue Recognition & Recording Pledges
Revenue recognition refers to the procedures used to record and report funding received and depends on the type of pledge. Learn more about the different types of pledges and how to record them.
Preparing for an Audit: A Guide for Not-for-Profit Organizations
Proper audit preparation can help reduce stress, keep the audit on schedule, and ensure a smooth process. Read more to learn how your organization should prepare for an audit.
Essential Written Policies for Nonprofits: Protecting and Guiding Staff and Board Members
Nonprofit policies are not just documents—they are tools that help staff and board members do their work with confidence, stay within the law, and avoid confusion or mistakes. Learn more.
Record Retention Guidelines
A nonprofit record retention policy helps organizations manage documents efficiently while ensuring compliance with legal and regulatory requirements. Learn more by reading the full article.
Comparing your Financial Statements & Form 990
Financial statements and the Form 990 are both important documents providing insights into an organization's finances, but they serve different purposes and adhere to different reporting standards. Learn more.
Nonprofit Deadlines to Remember
There are some important due dates that may be applicable to nonprofit organizations with a year-end of June 30, 2025. Learn more by reading the full article.
In-Kind Donation Overview
Nonprofit organizations frequently receive in-kind donations. Receiving in-kind donations raises an important financial question: How should nonprofits record these contributions in accordance with GAAP? Find out more.
What are Assets with Donor Restrictions?
Assets with donor restrictions are donor designated monies for a particular purpose. These funds are restricted for the purpose elected and cannot be used for other expenses of the nonprofit. Learn more.
Why is an Audit Committee an Important Function for your Organization
The audit committee provides oversight to help maintain the organization’s integrity, financial credibility, and ensure independence through the audit process. Learn more.
NC Sales Tax Refunds
North Carolina nonprofits may apply for semiannual refunds of sales and use tax paid by qualified organizations on direct purchases of tangible personal property, digital property, and services for use in carrying out their mission. Learn more.