Nonprofit Revenue Recognition Simplified
Revenue recognition updates are pivotal in nonprofit accounting, notably with ASU 2018-08 and ASC 606. Nonprofit finance teams must grasp these changes to make accurate judgments on revenue streams. Government grants, for instance, may be deemed exchange transactions or contributions. Compliance is essential, especially with material deferred revenue at year-end. ASC Topic 606 aligns US GAAP with international standards for global consistency. ASU 2018-08 refines guidance on revenue from contributions. Sage Intacct serves as a compliance partner, streamlining processes for nonprofits.
Key Takeaways:
- Thorough Understanding: Nonprofit finance teams must comprehend and apply updated standards judiciously.
- Diverse Revenue Treatment: Differentiating between exchange transactions and contributions, especially with government grants, is crucial.
- Global Alignment: ASC Topic 606 aims to align US GAAP with international standards for consistent treatment globally.
The Nonprofit Accounting Software Buyer’s Guide
Ask yourself: Is your accounting and financial management software helping your nonprofit achieve your mission or is it holding you back?
Legacy accounting systems make it difficult to get fast and reliable financial information. If this rings a bell, it might be time for your nonprofit to make the switch to a modern accounting solution.
Before making the leap, it's crucial to understand the implications of all options: on-premises, hosted, and cloud computing. So, how can you tell which accounting alternative is best for your nonprofit?
Whichever solution you choose, you should expect faster financial closes, easier regulatory compliance, less manual work, real-time visibility and reporting, and an outstanding service level agreement.
To help you along your buying journey, download the Nonprofit Accounting Software Buyer’s Guide below. We'll explore why legacy systems make it difficult to get good financial information, what to expect from a modern cloud-based solution, and how to make sure you choose the right solution for your nonprofit organization.
In this guide, you’ll discover:
- Why most financial management software systems hinder your ability to get good financial information
- The six key questions you need to ask before considering a move to a cloud-based financial solution
- Why the process for evaluating software is different for cloud solutions
Nonprofit Revenue Recognition Simplified
Revenue recognition updates are pivotal in nonprofit accounting, notably with ASU 2018-08 and ASC 606. Nonprofit finance teams must grasp these changes to make accurate judgments on revenue streams. Government grants, for instance, may be deemed exchange transactions or contributions. Compliance is essential, especially with material deferred revenue at year-end. ASC Topic 606 aligns US GAAP with international standards for global consistency. ASU 2018-08 refines guidance on revenue from contributions. Sage Intacct serves as a compliance partner, streamlining processes for nonprofits.
Key Takeaways:
- Thorough Understanding: Nonprofit finance teams must comprehend and apply updated standards judiciously.
- Diverse Revenue Treatment: Differentiating between exchange transactions and contributions, especially with government grants, is crucial.
- Global Alignment: ASC Topic 606 aims to align US GAAP with international standards for consistent treatment globally.
The Nonprofit Accounting Software Buyer’s Guide
Ask yourself: Is your accounting and financial management software helping your nonprofit achieve your mission or is it holding you back?
Legacy accounting systems make it difficult to get fast and reliable financial information. If this rings a bell, it might be time for your nonprofit to make the switch to a modern accounting solution.
Before making the leap, it's crucial to understand the implications of all options: on-premises, hosted, and cloud computing. So, how can you tell which accounting alternative is best for your nonprofit?
Whichever solution you choose, you should expect faster financial closes, easier regulatory compliance, less manual work, real-time visibility and reporting, and an outstanding service level agreement.
To help you along your buying journey, download the Nonprofit Accounting Software Buyer’s Guide below. We'll explore why legacy systems make it difficult to get good financial information, what to expect from a modern cloud-based solution, and how to make sure you choose the right solution for your nonprofit organization.
In this guide, you’ll discover:
- Why most financial management software systems hinder your ability to get good financial information
- The six key questions you need to ask before considering a move to a cloud-based financial solution
- Why the process for evaluating software is different for cloud solutions
WAF Buyer’s Guide
Web application firewalls (WAFs) are a critical part of your security infrastructure, but they’re not all created equal. Choosing the wrong WAF can lead to high false positives, brittle AppSec configurations and high maintenance costs. That’s why having the right evaluation criteria is essential.
This buyer's guide aims to bridge the information gap so you can make a confident decision. Discover what to look for in a modern-day WAF so you can better protect your apps and APIs both today and into the future.
What you'll learn:
- Key considerations for selecting a WAF solution
- What features reduce toil for security teams and expand capabilities
- Pros and cons of different deployment options
- Tips for evaluating vendors and pricing structures
Make the informed choice for your next WAF, and download our Buyer’s Guide to ensure nothing gets missed.
WAF Buyer’s Guide
Web application firewalls (WAFs) are a critical part of your security infrastructure, but they’re not all created equal. Choosing the wrong WAF can lead to high false positives, brittle AppSec configurations and high maintenance costs. That’s why having the right evaluation criteria is essential.
This buyer's guide aims to bridge the information gap so you can make a confident decision. Discover what to look for in a modern-day WAF so you can better protect your apps and APIs both today and into the future.
What you'll learn:
- Key considerations for selecting a WAF solution
- What features reduce toil for security teams and expand capabilities
- Pros and cons of different deployment options
- Tips for evaluating vendors and pricing structures
Make the informed choice for your next WAF, and download our Buyer’s Guide to ensure nothing gets missed.
WAF Buyer’s Guide
Web application firewalls (WAFs) are a critical part of your security infrastructure, but they’re not all created equal. Choosing the wrong WAF can lead to high false positives, brittle AppSec configurations and high maintenance costs. That’s why having the right evaluation criteria is essential.
This buyer's guide aims to bridge the information gap so you can make a confident decision. Discover what to look for in a modern-day WAF so you can better protect your apps and APIs both today and into the future.
What you'll learn:
- Key considerations for selecting a WAF solution
- What features reduce toil for security teams and expand capabilities
- Pros and cons of different deployment options
- Tips for evaluating vendors and pricing structures
Make the informed choice for your next WAF, and download our Buyer’s Guide to ensure nothing gets missed.
WAF Buyer’s Guide
Web application firewalls (WAFs) are a critical part of your security infrastructure, but they’re not all created equal. Choosing the wrong WAF can lead to high false positives, brittle AppSec configurations and high maintenance costs. That’s why having the right evaluation criteria is essential.
This buyer's guide aims to bridge the information gap so you can make a confident decision. Discover what to look for in a modern-day WAF so you can better protect your apps and APIs both today and into the future.
What you'll learn:
- Key considerations for selecting a WAF solution
- What features reduce toil for security teams and expand capabilities
- Pros and cons of different deployment options
- Tips for evaluating vendors and pricing structures
Make the informed choice for your next WAF, and download our Buyer’s Guide to ensure nothing gets missed.
Site Selection Guide: A Modern Approach to Renewable Development
Are you a Solar Developer looking to effectively reach land owners and bring more viable projects to market by adopting the latest best practices in the solar development industry? Streamline your landowner outreach with our new guide.
How To Start a Commercial Mobile Repair Shop
Considered branching out into mobile repair? Scale your shop's revenue by learning how and where to set up a mobile repair business, building a mobile service unit, licenses needed, marketing and administrative considerations, and more!
Fullbay’s Guide to Technician Recruiting & Retaining
Finding and keeping skilled techs is more challenging than ever before. But our new guide outlines the strategies that you can use to source, hire, and retain the best techs on the market.
You'll learn about creating engaging job ads, building a talent network, improving shop culture with competitive compensation, and positioning your shop as a top choice for techs.
How To Start a Commercial Mobile Repair Shop
Considered branching out into mobile repair? Scale your shop's revenue by learning how and where to set up a mobile repair business, building a mobile service unit, licenses needed, marketing and administrative considerations, and more!
Fullbay’s Guide to Technician Recruiting & Retaining
Finding and keeping skilled techs is more challenging than ever before. But our new guide outlines the strategies that you can use to source, hire, and retain the best techs on the market.
You'll learn about creating engaging job ads, building a talent network, improving shop culture with competitive compensation, and positioning your shop as a top choice for techs.
The CFO’s Guide To Tech-Enhanced Revenue & Profit Strategies
Historically, CFOs were often seen as the “CF-No,” focused on controlling budgets and curbing expenditures that didn’t align with financial plans. However, today’s CFOs are better described as the “CF-Know,” with a comprehensive understanding of the entire business ecosystem. This shift has empowered them to offer insights that fuel organizational success rather than just manage costs.
Today's CFOs are responsible for risk management, human resources, and technology strategy. Additionally, the scope of their influence now includes critical components like Environmental, Social, and Governance (ESG) factors, digital transformation, and strategic leadership, reflecting the complexity of today’s business environment.
Eight Essential KPI Dashboard Features for Mid-Market Businesses
Mid-market businesses face unique challenges, such as resource constraints, data silos, and scalability concerns, which can hinder their ability to fully leverage KPIs. By integrating advanced analytics, real-time data integration, and team collaboration features, KPI dashboards enable mid-market organizations to keep pace with larger competitors and carve out a competitive advantage in their respective industries.
This guide will help you unlock the full potential of KPI dashboards, showing you how to streamline your business operations, align team efforts, and drive performance with confidence.
