Is Your Nonprofit Ready for ASC 606?

If you’re confused about Accounting Standards Codification (ASC) 606: Revenue from Contracts with Customers, you’re not alone. The effective date of the new revenue standard has been deferred until December 15, 2017 for non-public entities, but that still doesn’t leave nonprofits with much time to prepare. Here’s some background...

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Changes to Nonprofit Accounting Rules Announced

Just yesterday, on August 19th, the Financial Accounting Standards Board (FASB) announced changes to how nonprofits present their financial reporting. This is the first change to these standards since the current rules were established in 1993. The new rules are designed to help nonprofits do a better job of telling...

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7 Reasons Why NFPs need Intacct – Part II

In Part I, we discussed more and more not-for-profit organizations are looking to upgrade their accounting software.   We also discussed the accounting software solution that these organizations are increasingly turning to is Intacct.  But, why is that?   Why is Intacct the financial accounting software or ERP software solution of...

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How to Evaluate Nonprofit Accounting Software Proposals

This is the fourth post in our blog series: Best Practices for Selecting Nonprofit Accounting Software Once you’ve identified your final nonprofit accounting software candidates from vendors and partners, you’ll next need to evaluate their proposals. Considering that the effort is like comparing apples to oranges, here’s how to...

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ERP professionals providing insight and advice for not for profit organizations.