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Our Blog

Appealing to the next generation of supporters

02 October 2020
Appealing to the next generation of supporters

Members of Generation Z are digital natives who may be more politically motivated and charitably inclined that previous generations. How can your nonprofit engage this diverse group?


External audits offer many benefits to nonprofits

24 August 2020
External audits offer many benefits to nonprofits

Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors. Even when external audits aren’t mandated, however, they’re often recommended. These audits can provide assurance to donors and other stakeholders that your organization is operating with integrity and within acceptable accounting guidelines.


Reporting embedded leases

21 August 2020
Reporting embedded leases

Beware: Your supply and service contracts may contain hidden surprises known as “embedded” leases. Identifying them can create challenges as private companies and not-for-profits implement the updated accounting rules for leases.


Accounting for cloud computing arrangements

05 August 2020
Accounting for cloud computing arrangements

The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense these setup costs. Updated guidance on accounting for cloud computing costs aims to reduce differences in the accounting treatment for these arrangements. In a nutshell, the changes will spread more of the costs of implementing a cloud computing contract over the contract’s life than under existing guidance.


Asset impairment is expected to hit 2020 financial statements

02 August 2020
Asset impairment is expected to hit 2020 financial statements

Many companies are suffering adverse financial effects during the COVID-19 crisis. Should you test your organization’s assets for possible impairment?