Nonprofit news from around the web: Nov. 6 – 10, 2017

Written on Nov 08, 2017

In case you missed them, here are some recent interesting nonprofit news items from around the web.

Nonprofits need to get ready for revenue recognition standard
The deadline is approaching for public companies to begin using the new revenue recognition standard, and many not-for-profits may find themselves confronting the new standard a lot sooner than they had expected.

6 factors to choose the right basis of accounting for your not-for-profit
Your stakeholders rely on your financial statements, so selecting the right basis of accounting is key. With several options to choose from, where do you begin? The decision can be made easier if you consider these six factors.

The Good, the Bad, and the Awful: Nonprofit Bottom Lines on the House Tax Bill
The House tax bill released last week promises “unprecedented simplicity,” “fairer taxes,” and “the beginning of the end of our nation’s broken tax code.” A careful review from the nonprofit perspective finds that the proposed tax-law changes range from bad to awful.

The No. 1 characteristic every nonprofit leader needs to be successful
Starting a nonprofit is akin to jumping into a rabbit hole. It is full of complexities and unknowns. In addition, as a nonprofit leader, beyond having a great idea, you need an entrepreneurial mindset, a strategic development plan, financial backing and the ability to figure things out.

Tech Corner - These 8 Excel timesavers will make you a spreadsheet speed demon
For those times when you want to make Excel beg you for mercy, instead of the other way around.

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