Nonprofit Contribution Management: Key Accounting Standards and Policies

By Aprio Publisher | November 21, 2024
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At a Glance The Full Story Contributions are crucial to funding for nonprofits, making accurate accounting essential for transparency and compliance. This guide highlights core accounting considerations, gift acceptance policies, and recommendations for nonprofits to manage contributions effectively. Accounting Considerations The following should be performed when evaluating a contribution: Establishing a Gift Acceptance Policy A…

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