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- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
- Excel Made Easy – VLOOKUP and XLOOKUP
- Physical Inventory Considerations
- I Submitted a December Budget Revision, Now What?
Tag Archives: accounting
Maintaining Your Organization’s 501(c)(3) Status
When a non-profit organization is granted 501(c)(3) status by the Internal Revenue Service (IRS), it is required to follow certain guidelines and regulations set by the IRS.The IRS monitors and regulates these organizations to help ensure these organizations are meeting … read more
Posted in Articles
Tagged 501c3, accounting, Arizona, CPA, CPA firm, government, internal audit, IRS, non-profit status, nonprofit, NPO, tax exempt, tax-exempt status
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Internal Auditing without the Internal Auditor
Every organization has, or should have, an internal control structure that allows the organization to work efficiently, while reducing risks of theft or fraud. Some of these organizations are large enough to employ their own internal auditors or an entire … read more
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Tagged accounting, Arizona, CPA, CPA firm, internal audit, internal controls, nonprofit, NPO
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Non-Profit Accounting for Website Development Costs
Posted October 18, 2016 Presentation by Mike Hoerig:
Posted in Videos
Tagged accounting, capital assets, expenditure, expenses, financial statement, nonprofit, NPO, website development
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Recording Auction and Raffle Items
Auction and raffles are common and successful ways for non-profit organizations to raise funds. To help makes these event successful, organizations often ask for donations to be used as auction and raffle items. The accounting treatment for these donations is … read more
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Tagged 501(c), accounting, credit, debit, donations, financial statements, nonprofit, NPO, recording
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Identifying Subsequent Events
Those of you who either prepare or review financial statements have almost certainly heard the term subsequent event. If you’re an auditee, you have most likely been asked if you know of any such events, prior to your financial statements being issued. … read more
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Tagged accounting, financial statements, nonprofit, NPO, subsequent events
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Helpful Suggestions to Correct Common Errors in Form 990 Functional Expense Reporting
Why is functional expense reporting so important for nonprofit organizations? One good reason is that the IRS is looking at it as a part of their review of your organization’s Form 990. Some of things they may be more specifically … read more
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Tagged accounting, Arizona, cost allocation, donor, expenses, Form 990, nonprofit, NPO
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Capitalizing Website Development Costs
A website provides exposure for your organization’s cause, imparts a sense of legitimacy and transparency, serves as a central location to describe your programs, and explains the ways contributors can get involved. As a result, more and more organizations are … read more
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Tagged accounting, amortization, Arizona, capital asset, expenses, New Mexico, nonprofit, NPO, website
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