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Posts by Caroline Grimm

link to Financial Statement Disclosures for Nonprofits

Financial Statement Disclosures for Nonprofits

Financial statement disclosures for nonprofits refer to the additional information that is included in the financial statements to provide more context and detail about the organization's financial...

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link to Common Bookkeeping Mistakes for Nonprofits

Common Bookkeeping Mistakes for Nonprofits

Managing the finances of a nonprofit organization can be challenging, especially when bookkeeping is not given the attention it deserves. Nonprofits may make common mistakes that can lead to...

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link to Grant Accounting: What is a Carrying Amount?

Grant Accounting: What is a Carrying Amount?

Carrying amount refers to the value at which an asset or liability is recognized on an entity's balance sheet, based on its original cost, adjusted for depreciation, amortization, impairment losses,...

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link to Basics of Nonprofits: What a Nonprofit Is, How it is Structured, Who Owns a Nonprofit

Basics of Nonprofits: What a Nonprofit Is, How it is Structured, Who Owns a Nonprofit

Nonprofit organizations play a crucial role in society, and they exist for a variety of reasons. Nonprofit organizations play a vital role in society by addressing social, environmental, and cultural...

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link to What is the Release from Restriction Concept in Nonprofit Accounting?

What is the Release from Restriction Concept in Nonprofit Accounting?

In nonprofit accounting, the release from restriction concept refers to the process of moving funds from temporarily restricted net assets to unrestricted net assets when donor restrictions are...

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link to What is a Non-profit Organization?

What is a Non-profit Organization?

What is the Definition of a Non-profit? A nonprofit organization is a type of organization that operates for a specific purpose, such as charitable, educational, scientific, religious, or literary...

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About the Author

Caroline Grimm is an accounting educator and a small business enthusiast. She holds Masters and Bachelor degrees in Business Administration. She is the author of 11 books and the creator of Accounting How To YouTube channel and blog. For more information visit: https://accountinghowto.com/about/

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