Posts Tagged: "accounting"

A Nonprofit’s Guide to Government Compliance
May 14, 2018
A Nonprofit’s Guide to Government Compliance

Compliance is a hefty responsibility for nonprofit organizations; indeed, more so than for-profit companies. As the firm Harbor Compliance points out, there’s a good reason for that—nonprofits are exempt from federal corporate taxes and can receive public funding. Both the IRS and states have requirements for nonprofits. The penalties for noncompliance can be severe. A…

Integrating Systems to Reduce Financial Risk for Nonprofits
May 7, 2018
Integrating Systems to Reduce Financial Risk for Nonprofits

Nonprofit organizations demand a lot from their software. According to a 2015 survey conducted by Software Advice, a company that provides research and online reviews of fundraising software, nonprofits want greater functionality and tools from their investments. Not only that, they want their fundraising/donor management programs and other platforms to work seamlessly together. In fact,…

One-on-One with John Alfonso
May 8, 2017
One-on-One with John Alfonso

John Alfonso is an accomplished CPA with over 30 years of experience providing audit, accounting, and consulting services to not-for-profit organizations. He works extensively with associations, community development corporations, educational institutions, private foundations, religious organizations, governmental entities, and social service agencies. Based in New York, John is a partner in CohnReznick’s Not-for-Profit and Education Industry…

A Practical Guide to the FASB ASU 2016-14 for Nonprofits
February 23, 2017
A Practical Guide to the FASB ASU 2016-14 for Nonprofits

Last August, the Financial Accounting Standards Board (FASB) announced some major changes to accounting rules titled, “Presentation of Financial Statements of Not-for-Profit Entities.” By implementing these changes, the FASB hopes to bring increased visibility into nonprofit financial statements, what goes into the statements, and how the statements are presented. While this shouldn’t be a surprise…

What is Nonprofit Accounting Software?
April 6, 2015
What is Nonprofit Accounting Software?

I spoke recently with a prospective client that asked a simple question:  What makes nonprofit accounting software “nonprofit accounting software”?  I realized at that moment that there are software products in the marketplace that bill themselves as being “built for nonprofits” and there are others that claim to “work well for nonprofits”, but then the…

Sage Nonprofit Solutions is Now Abila
July 15, 2013
Sage Nonprofit Solutions is Now Abila

As many of you may have seen through email communications and press reports, Sage Nonprofit Solutions has completed the next step in their transition to being an independent company.  The company that produces the products known as Sage 100 Fund Accounting (aka “MIP”), Sage Fundraising 50, Millennium and Sage Grant Management will now be known as…

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