Non-Profit Organizations
Accounting for Nonprofits vs For-Profits: A CPA’s Perspective
As a certified public accountant (CPA), I have worked with both nonprofit and for-profit organizations and have seen the differences in how they account for their financial activities. Here, I will explain three of the main differences between accounting for nonprofits and for-profits, and why they matter. What is a Nonprofit Organization? A nonprofit organization…
Read MoreCOVID-19 and Trade Associations: The Impact So Far
Given shut down orders, social distancing, and travel restrictions, trade associations are facing extraordinary financial losses due to in-person event cancellations. Further losses are being experienced in dues revenue as members look for ways to reduce their own expenses. According to the Professional Convention Management Association, conferences and events account for an estimated 35 percent…
Read MoreTrade Associations, COVID-19 and the CARES Act
We know there isn’t any industry unaffected by COVID-19. That said, there’s been little discussion of the impact of the pandemic on trade associations. Trade associations are known for their role in providing information, support, advocacy, and training to industry members and to the professionals employed in those industries. They provide important information and resources,…
Read MoreBlue Sky Innovator 3rd Annual Golf Tournament
October 12, 2020 Blue Sky Innovators is partnering with Semper K9, whose mission is to enhance the quality of life for wounded, critically ill, and injured members of the U.S. Armed Forces and their families by providing them assistance dogs. Event Details
Read MoreTop 7 reasons companies Outsource Accounting and Back-office functions
By Jennifer Eubanks 1. Competent financial management, reporting, and guidance. Businesses need to have competent financial management, reporting, and guidance so the management team can focus on operations. 2. Businesses need the right people. Some 70 percent of KPMG survey respondents said they are outsourcing accounting to get access to better talent. This helps clients focus on their business instead…
Read MoreHow COVID 19 Changed the Financial Operations of Non-Profit Organizations
As COVID 19 changes the economic landscape in the United States, many non-profit organizations are experiencing dramatic changes in their operations, financial security and future plans. At the same time, these organizations see a greater need for their services, both in the near term and throughout recovery. As events are cancelled, including fundraisers, annual meetings,…
Read More