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!
Navigating tax season as a nonprofit? Understanding Form 1099 is essential for ensuring compliance and financial transparency. Learn when and how to issue Form 1099 to avoid IRS penalties and maintain trust with your donors. Check out our latest blog for a step-by-step guide!
Discover the differences between traditional payroll and PEOs for nonprofits. Find the best solution to streamline payroll, HR, and compliance.