A few years back I co-wrote an article about getting accurate numbers from your financial system for the California Association of Nonprofits that was based on a workshop I developed. These next two blog posts will excerpt some of the material from that piece. For folks who would like the whole article you can click [...]
Posts Tagged ‘Overhead’
Nonprofit Administrative Costs
Two questions recently got me thinking about administrative and overhead expenses. Below are the questions and the answers I sent:
Question #1: Should a depreciation expense be included in the calculation when looking at the percentage of administration expenses to total operating expenses with a nonprofit?
Answer: It is a good idea to allocate and include depreciation [...]
FASB 116 and 117
Since we talk about them so much and they govern so much of what we do in keeping our nonprofit’s books, I thought I would link to the sources and list a quick summary of them.
Statement No. 116 Accounting for Contributions Received and Contributions Made
This Statement establishes accounting standards for contributions and applies to [...]
