For many nonprofit organizations, revenue recognition is one of the most challenging accounting issues they encounter. The guidelines governing the recognition and classification of revenue are now, however, undergoing significant change.
by Todd Kimball, on Mar 30, 2020
For many nonprofit organizations, revenue recognition is one of the most challenging accounting issues they encounter. The guidelines governing the recognition and classification of revenue are now, however, undergoing significant change.
by Todd Kimball, on Mar 3, 2020
Last week I shared an overview about recording non-cash gifts and the opportunity for a nonprofit organization to accurately present the types and value of contributions it receives to support its mission.
Today we review a related topic: Stock gift donations.
The easiest type of donations for nonprofits to accept are unrestricted cash donations. While everyone loves cash, what if you could supercharge your organization’s growth by accepting other types of non-cash gifts—like stocks?
by Todd Kimball, on Feb 24, 2020
Most non-profit organizations rely on gifts from other businesses and the public at large to achieve their goals. These come in the form of both tangible property and personal services (collectively nonfinancial gifts), which are referred to as in-kind contributions.
Recording these non-cash gifts allows a nonprofit organization to accurately present the types and value of contributions it receives to support its mission. Even though in-kind gifts are a major source of support for many nonprofits, recording and reporting them properly can present some unique challenges.
by Eric Moore, on Nov 2, 2018
It's a tough environment for small businesses in the United States, particularly new ones. The Bureau of Labor Statistics reports that almost 20% fail in their first year and only about half make it to five years. The threats are piling up, and they range from failing to find a viable product or service to customer service gaffes and even cybersecurity issues. But some of the biggest problems that small businesses face are financial in nature.
Financial woes can impact a company of any size. 2018 marks the 10-year anniversary of the height of the financial crisis when regulators walked into Seattle's Washington Mutual and shut down one of this nation's largest regional savings and loans for good. Few longtime area residents have forgotten the impact that Frederick & Nelson had on the area's retail scene, before becoming victim to some strategic and financial missteps. Whether a company is large or small, public or private, many of these issues begin at the granular level.
by Tom Broetje, on Sep 25, 2018
Repeat after me…
Accounting is a team sport."
This has been my mantra for the past 30 years and it’s as important and true now as it was 30 years ago. What I have learned in my 30+ years as a CFO is that accounting works best when it is integrated with the management team and you will never be at your best if your accounting team works in a silo.
CFO Selections® LLC - Headquarters
3150 Richards Road
Suite 150
Bellevue WA 98005
Home Office
Seattle & Western Washington
206-686-4480
Fax: 425-588-3807
Oregon & SW Washington
1155 SW Morrison St.
Suite #317
Portland, OR 97205
503-715-5117
Colorado
1550 Larimer St.
Suite 244
Denver, CO 80202
720-572-8211
ASP
Professional Accounting Services & Recruiting
www.theASPteam.com
Toll-Free (800) 931-6557
Valtas Group
Guiding Leadership Transition for Social Enterprises
www.valtasgroup.com
425-516-7888