The accounting technology landscape is evolving quickly, and AI is at the center of it.
As more businesses embrace remote and hybrid work models, one area that hasn’t shifted as quickly is internal controls. Systems that once relied on in-person oversight, paper approvals, or physical access now face gaps that can leave businesses exposed to fraud, errors, and compliance risks.
For nonprofits, revenue comes from two main sources, earned income and contributed revenue:
In-kind donations—also called gifts-in-kind—are non-cash contributions of goods or services. GAAP requires nonprofits to report them at fair market value (FMV), on a separate line item of the Statement of Activities for contributed nonfinancial assets. Beyond that, nonprofits must disclose how these donations were used, how they were valued, and whether donor restrictions apply.
For many nonprofits, grants are a lifeline—fueling programs, projects, and operations. But receiving the funds is only half the story. Proper recognition and allocation are essential to maintain compliance, ensure transparency, and preserve eligibility for future funding.
As we approach the halfway point of the year, now is the perfect time for business owners to take a deep dive into their financial health. A mid-year review isn’t just a best practice—it’s a strategic opportunity to catch issues early, recalibrate your goals, and proactively position your business for a stronger year-end.
When a conditional contribution becomes unconditional, it’s time for your organization to recognize it as revenue. But that’s not the end of the story—another critical question follows:
In the nonprofit world, you’ve likely heard terms like donation, promise to give, and contribution used interchangeably. But each term has a specific meaning—and understanding the differences is critical for accurate financial reporting and compliance.
Cash is king—especially in today’s unpredictable economy. Yet many business owners are flying blind when it comes to cash flow.
Running a nonprofit may not be about profits — but money absolutely matters. To fulfill your mission, serve your community, and grow your impact, your organization needs consistent, reliable funding. Understanding how to raise those funds — and how to measure what’s working — is vital for long-term sustainability.
