Accounting How To: How to Pass Accounting Class!

Board Designated Funds in a nonprofit are funds that have been set aside for a specific purpose by the organization's governing board. These funds are often created when the board decides to...

Promises to Give, also known as Pledges, are a common source of funding for nonprofit organizations. A Promise to Give is a commitment made by a donor to give a certain amount of money to a nonprofit...

Learn about pass-through contributions in nonprofit accounting. Understand how they are different from other types of donations and how they are reported in the financial statements. Get insights...

Nonprofit organizations exist to pursue a mission, not to generate profits for shareholders. However, like any other organization, nonprofits must generate income and revenue to sustain their...

Nonprofit organizations have a unique way of reporting their expenses, which is different from for-profit businesses. This is because nonprofits need to provide detailed information about how their...

This article discusses how nonprofits can properly account for donations that involve a donor receiving a benefit, such as a tote bag or other item, and how to properly report these donations on...