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You are here: Home / Archives for Contributions & Grants

Nonprofit Income Accounts Part 3: In-Kind Donations

September 24, 2018 by Carol Wilson and Carrie Schulz Leave a Comment

Nonprofit Income Accounts Part 3: In-Kind Donations

In the last few posts we have been talking about contribution income and the kinds of income accounts you need. Our Chart of Accounts Grand Tour travels through in-kind donation income accounts … [Read more...]

Filed Under: Bookkeeping, Contributions & Grants, Form 990 & Audit

Contributions Under the New Tax Law

September 17, 2018 by Carol Wilson and Carrie Schulz Leave a Comment

Contributions Under the New Tax Law

How will the new tax law affect charitable giving? Are there any tax breaks left for donors? Our friends and income tax experts, Lou Lauteria and Greg King at Lauteria & King, PLC, sent out a client … [Read more...]

Filed Under: Contributions & Grants

Nonprofit Income Accounts Part 2: Contributions

September 10, 2018 by Carol Wilson and Carrie Schulz Leave a Comment

Nonprofit Income Accounts Part 2: Contributions

In our last post we took a brief look at the nature of contributions, and all the many names that contributions go by. We distinguished contributions from exchange income. Today we look at accounts for … [Read more...]

Filed Under: Contributions & Grants, Management & Reporting, Nonprofit Income

Names for Contributions

August 27, 2018 by Carol Wilson and Carrie Schulz Leave a Comment

Names for Contributions

A gift by any other name would smell as sweet… Last week our Chart of Accounts Grand Tour began to explore income accounts. We covered federated campaigns and membership contributions. Before we … [Read more...]

Filed Under: Contributions & Grants

A Problem with Restricted Gifts

April 30, 2018 by Carol Wilson and Carrie Schulz Leave a Comment

A Problem with Restricted Gifts

Recently a client asked us for help keeping track of restricted gifts. This organization has a program where they raise money for other charitable organizations in the community. The client said people are … [Read more...]

Filed Under: Contributions & Grants

Bad Debt

March 19, 2018 by Carol Wilson and Carrie Schulz Leave a Comment

Bad Debt

In our last two ports of call on our Chart of Accounts Grand Tour, we visited Accounts and Pledges Receivable and also looked at Aging and Due Dates. We find people are often surprised to learn that you … [Read more...]

Filed Under: Bookkeeping, Contributions & Grants, Management & Reporting

Year End Gift Cutoff

December 11, 2017 by Carol Wilson and Carrie Schulz Leave a Comment

Year End Gift Cutoff

December is a busy month for most nonprofits. Various sources place the percentage of annual gifts made in December at more or less 30%. But which gifts count for December? Regardless of your … [Read more...]

Filed Under: Contributions & Grants

How to Value and Record Volunteer Services

September 4, 2017 by Carol Wilson and Carrie Schulz Leave a Comment

How to Value and Record Volunteer Services

We often receive the question, “How do I record volunteer services?” From our last post, Why Record Volunteer Services?, you know some volunteer services must be recorded as defined in Generally … [Read more...]

Filed Under: Bookkeeping, Contributions & Grants

Why Record Volunteer Services?

August 28, 2017 by Carol Wilson and Carrie Schulz Leave a Comment

Why Record Volunteer Services?

Often we find nonprofits do not record the value of volunteer services. After all, volunteer services, also referred to as in-kind services, don’t have a direct impact on cash. And there is so much other … [Read more...]

Filed Under: Bookkeeping, Contributions & Grants

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Hi, we are Carol and Carrie. If you have nonprofit accounting questions, we have answers! Read more...

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