Accrual accounting is the standard method most non-profits use to track their finances. Rather than recording activity only when cash changes hands, it focuses on when revenue is earned and expenses are incurred.

One common point of confusion within non-profits is the difference between restricted funds and deferred revenue. While both may involve money that comes with strings attached, they are treated very differently in financial reporting. Understanding the distinction is important for maintaining accurate records and ensuring transparency with donors, grantors, and board members.

When one person handles too many financial responsibilities, it can create risk for a non-profit organization. This is where separation of duties comes in. It is one of the most important internal controls non-profits can implement to protect their finances and maintain accountability.

Non-profits in Chatham County are required to file personal property tax forms each year, even if they qualify for exemption. With the April 1 deadline approaching, it’s important to understand what’s required and how to avoid delays or missed exemptions.

We’re now 29 days into the government shutdown, and many business owners, especially those in the small business and nonprofit sectors, are starting to feel the effects. When federal systems pause, the impact extends far beyond Washington, D.C. It touches real organizations, real budgets, and real people trying to keep things running.

Explore the nuances of revenue recognition in non-profit organizations, focusing on conditional contributions and restrictions. Gain insights into how these factors influence financial reporting and transparency within the non-profit sector.

If you manage a non-profit organization you're probably familiar with in-kind donations. If you're not, then allow J&S to explain what they are, why they are important, and how to manage and maximize your in-kind donations.