LUTZ NONPROFIT ACCOUNTING BLOG
7.14.21 | Financial Statements for Nonprofits | Recording
In this seminar, Lutz experts will take participants through the basics of understanding and using financial statements in a nonprofit…
Shovel-Ready Capital Recovery & Investment Act for Nonprofit Organizations
The Shovel-Ready Capital Recovery and Investment Act (LB566) intends to provide grants to qualified nonprofits to assist with capital projects…
Managing a Nonprofit? Avoid These 7 Accounting Mistakes
Following the right accounting practices and rules is just as important for a nonprofit as it is for a for-profit organization. When a nonprofit organization has its books in order…
7 Tips to Enhance Your Nonprofit’s Chart of Accounts
Nonprofits have it hard. Sure, they don’t have to pay taxes, but that tax-exempt status comes with a price: increased levels of responsibility to the general public. The focus, then, of their financial accounting…
QuickBooks Online for Nonprofits
As a nonprofit, minimizing your overhead expenses is essential. And while you may have very specialized accounting needs, a full-time bookkeeper might not be in your budget…
Year-End Charitable Contribution Documentation for Nonprofits
As year-end nears, charities are often in a last-minute push to solicit contributions from supporters. This timing coincides with the year-end tax…
11.4.2020 | What is Form 990 & Not-For-Profit Hot Topics | Recording
Even though tax-exempt nonprofits do not pay federal taxes, they do have to file an information form with the IRS. Form 990 makes sure that nonprofits…
10.17.2018 | Revenue Recognition + Lease Accounting + NFP Update | Recording
The first presentation, led by Nate Hagge and Kyle Hofeldt, provides a thorough review of the New Revenue Recognition Standard and how to apply these new rules. The second presentation…
Are You Ready for the New Not-For-Profit Reporting Standard?
Starting in 2018, a new accounting standard will significantly change the accounting rules for not-for-profits. This article explains how the changes will provide more helpful information to users of the statements…
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