What would be the accounting transaction recorded by a 501(c)3 organization for a permanently restricted donation received?
The particulars will depend on what accounting software you are using. Basically you would debit cash or receivables (depending on if you got the money or just a letter saying you were getting the money) and credit an [...]
Posts Tagged ‘Reports’
Some Questions and Answers
Nonprofit News Roundup
In case you missed any of these:
Here is a NY Times Op Ed that says businesses should be more nonprofit-like.
Need tech stuff? Have you tried TechSoup yet? You should check them out and read about these seven solutions for (at least) seven tech challenges.
There are two news pieces from the U.S. Government Accountability Office regarding [...]
Why We Need an Income Statement and a Balance Sheet
Or alternatively, why we need a Statement of Activities and a Statement of Financial Position, to use nonprofit-financial speak. I was asked this question at a recent training, as I have been asked many times over the years. I have been asked why we can’t have just one statement to show everything, one statement to [...]
