Accounting for Non-Profits

Accounting Systems for Non-Profit Organizations (Part II)

In part I of this series, we looked at two differences in accounting for non-profit businesses. Here is a look at two more: Accounting Statement for a Non-Profit Organization: The Non-Profit Organizations being a different type of entity necessitates a different type of accounting treatment. This need arises because the type of information required to […]

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Accounting Systems for Non-Profit Organizations (Part I)

Accounting for non-profits (also known as “fund accounting”) can require a greater level of detail than a for-profit company. Most accounting concepts that apply to for-profit also apply to non-profits. GAAP (Generally Accepted Accounting Principles) is followed and is the same concept, but with a twist. There are differences in reporting and an extra step

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