9-11-18 Not-for-Profit Seminar

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Is Your Organization Ready for the New Nonprofit Reporting Requirements?  How will you report your net asset balances and activity based upon the new classification classes?  Are you prepared to present a statement of functional expenses and the methods of allocation and classification?  Have you considered the new required financial statement disclosures regarding liquidity? GYF […]

NetSuite Named Leader in Nonprofit Accounting Software

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NetSuite has been recognized as a leader in Nonprofit Accounting by G2 Crowd, a leading peer-to-peer review platform for business software. Their research reports and vendor comparisons are based on user ratings and social data. This accolade, driven by actual users providing reviews about the products they use to run their organizations, solidifies NetSuite’s position […]

Eliminating the Pain and Cost of Grant Accounting

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NetSuite’s SuiteSuccess for nonprofits product offers powerful new capabilities that transform how nonprofits handle grant accounting. Simply put, NetSuite is making it dramatically easier for nonprofits to track how, when and where a grant is spent on any given project, down to the line-item transactional level. This helps nonprofits better manage complex revenue streams from multiple sources, […]

FASB, ASU, NFP, not-for-profit entities

New FASB Guidance Issued for Not-for-Profit Financial Statements

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More than a year after the proposed changes were presented in an exposure draft in 2015, the Financial Accounting Standards Board (FASB) issued the final Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958) – Presentation of Financial Statements of Not-For-Profit Entities.  Throughout the process, the FASB garnered feedback and issued updates, and the final […]

Proposed Accounting Changes for Not-for-Profits

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The Financial Accounting Standards Board (FASB) recently released an exposure draft of a Proposed Accounting Standard Update which will impact Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954). The objective of the update is to improve the requirements for net asset presentation and improve the information in the financial statements and notes relating […]