Minding the GAAP

gaap graphic

Reading Time: 2 minutes Both nonprofits and government agencies must follow GAAP, the Generally Accepted Accounting Principles.

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5 Ways to manage your programs for growth with fund accounting

Reading Time: 2 minutes If your nonprofit provides programs and services, chances are they’re more than a valued and central resource to the community – they’re a crucial source of revenue and core to fulfilling your mission. Managing these programs and services can be complex on a daily basis for a variety of reasons.   Here are five ways that a true fund…

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What is Government Fund Accounting?

governmental fund accounting

Reading Time: 2 minutes Table of Contents Governmental Accounting GASB Compliance How MIP Makes Compliance Easy Work With MIP How Does Governmental Accounting Differ From Nonprofit Accounting? Fund accounting is a system of accounting used by non-profits to track the amount of cash assigned to different purposes and the usage of that cash. Governmental accounting and nonprofit accounting are…

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