Best of Not-for-Profit Accounting

I’ll be taking a break updating this site for a bit. I have a new job in a new state that will keep me busy but I’ll post here again when I’m settled. But before I go on my brief hiatus I wanted to feature some of the posts that have garnered the most traction over the past year, my very own best of post!

GAAP Rules

Issues around the rules that govern nonprofit accounting are common. After all, how many of us go to work for nonprofits because we like accounting? Posts around FASB 116, 117 and even the new 117-1 have all been read quite a bit.

Costs and Expenses

This recent post on Cost Allocation has been pretty popular. Allocation is always an issue as we have little guidance on how to do it from the IRS or GAAP.

Defining administrative expense and making sure nonprofits call their expenses either program, admin or fundraising is another big issue. This post has been read quite a bit.

Donated Income

Getting the donation is one thing, then comes booking it into the accounting system. And your nonprofit does need an accounting system. This post on donation transactions and this post on gifts in kind have been popular resources.

Nonprofit Accounting Resources

These pages have seen a lot of traffic too which makes me happy as I intended them to be a resource for the nonprofit sector.

Thanks to all the readers who have made this site such a pleasure to maintain. Please keep sending me any questions or comments you might have, I’ll get to them as soon as I can.