Not all nonprofit transactions involve cash—but they still have value. From donated goods and services to asset exchanges, nonmonetary transactions are common in the nonprofit world. This article explains how to account for these exchanges using fair value principles, ensuring accurate financial reporting, transparency, and compliance with nonprofit accounting standards.
Discover the best recruitment and retention strategies for nonprofits to attract top talent and keep employees engaged. Learn how to craft compelling job descriptions, build a strong employer brand, and foster a supportive workplace culture. Implement proven strategies to reduce turnover and create a high-performing team dedicated to your mission. Read more for expert insights and actionable tips!
Discover the differences between traditional payroll and PEOs for nonprofits. Find the best solution to streamline payroll, HR, and compliance.
“Learn the key differences between accountable and non-accountable plans for nonprofits. Discover IRS compliance rules, tax benefits, and best practices for reimbursing employees and volunteers tax-free. Optimize your nonprofit’s financial strategy today!”