New Lease Accounting Standard: What does a private company need to know?
Changes to the accounting standards, ASC 840 to ASC 842, will be changing the way leases are presented on the financial statements. Read more by clicking above.
When Does it Pay to Outsource Your Bookkeeping?
Bookkeeping is an essential component of any company, including nonprofits. Is it better to have in-house bookkeeping, or to outsource? Read more about how to make this important decision.
How to Form a Nonprofit in North Carolina
There are several action items to complete to ensure you are following all laws and regulations to set up a nonprofit in the state of North Carolina. Read more about the steps you should follow.
Volunteers: Rewards & Risks
Volunteers are an integral part of many nonprofit organizations. Volunteers are typically one of the biggest sources of support, and this comes with both rewards and risks to the nonprofit organization. Click above to learn more.
Should a Nonprofit Accept ALL Donations?
As a nonprofit, donations are vitally important, both from a revenue standpoint and for nurturing donor relationships. But should you accept ALL donations extended to your nonprofit? Read more by clicking above.
Raffles – What You Need to Know
Each state has legislation regarding the number of allowed raffles and the limits for the value of raffle prizes. In North Carolina, raffles are limited by law to four per year for a nonprofit organization. Read more by clicking above.
Why Do Donors Give?
A nonprofit organization typically relies heavily on its donors to operate on a daily basis. Therefore, it is important for a nonprofit to have an understanding of why donors give to organizations. Click above to learn more.
Thankful? Let Your Donors Know!
Many nonprofits rely solely on donations from the community to fund the continuation of the organization. It is very important for your organization to acknowledge their donations for many reasons. Click above to learn more.
QuickBooks for Nonprofits
It is vital for nonprofits to track donations and grants in an organized manner for tax and accounting purposes. Click here to learn more about accounting software options and benefits.
The Do’s and Don’ts of Nonprofit Expense Reimbursement
It is necessary that a nonprofit goes about the expense reimbursement process in a way that adheres to IRS guidelines. Learn more about the do’s and don’ts.