by Mary Doherty | Jul 13, 2021 | Business Planning
Many types of businesses — such as homebuilders and manufacturers — turn raw materials into finished products for customers. Production is a continuous process. So, any work that’s been started but isn’t yet completed before the end of the accounting period is...
by Mary Doherty | Jul 8, 2021 | Nonprofit
Cryptocurrency has gone mainstream, and if you’ve been sitting on the fence about accepting donations in virtual currency, it’s time to make a decision. But before your nonprofit says “yes” to a Bitcoin (or other cryptocurrency) gift, make sure you understand the...
by Mary Doherty | Jul 6, 2021 | Nonprofit
If your nonprofit organization accepts contributions of nonfinancial assets, such as land, services and supplies, you should know about Financial Accounting Standards Board (FASB) rules approved last year. Accounting Standards Update (ASU), Not-for-Profit Entities...
