As the bridge between a nonprofit‘s operations and its stakeholders, financial statements can be a powerful storytelling tool. Traditionally, financial statements provide transparency, demonstrate ...

Nonprofits keep their books using methods similar to for-profit organizations, making a few differentiations to help them more quickly prepare their taxes at the end of the year. Like other businesses ...

Chief financial officers must go beyond spreadsheets and offer the strategic clarity your nonprofit needs to chart a ...

Although nonprofit organizations are not legally required to publish annual financial reports, most nonprofit group leaders understand the added value annual reports can offer to staffers, donors and ...

A Maryland nonprofit that has received more than $60 million in taxpayer funds since 2022 stated it has yet to complete a ...

Terms like “deferred income” and “cash equivalents” are explained in plain English in Not-for-Profit Accounting Made Easy, written primarily for those who haven’t received professional training in ...

The Financial Accounting Standards Board released an accounting standards update Thursday to clarify and improve the scope and accounting guidance for contributions of cash and other assets received ...

The Financial Accounting Standards Board is expected to release a long-awaited accounting standards update this month to clarify a key issue in the nonprofit world, standardizing how grants are ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...

The Massachusetts legislature and Governor Healey recently passed into law An Act Relative to Strengthening Massachusetts’ Economic Leadership (the “Act”)[1]. The Act provides significant changes in ...