Blog

Contribution Accounting for Recognizing Nonprofit Revenue

Nonprofit organizations often receive financial support from donors, foundations, government agencies, and other entities in the form of contributions and grants. Accounting for these transactions can be challenging, as they may involve complex terms and conditions that affect the timing and amount of revenue recognition.

Empowering Workers: Department of Labor’s New Overtime Rule Benefits 4.3 Million Americans

The U.S. Department of Labor has made a significant move with its latest final rule, which revamps regulations concerning overtime pay eligibility. This change is poised to impact the lives of millions of American workers, addressing long-standing concerns and modernizing labor standards. Let’s delve into why this development is crucial and how it will affect both employees and employers.

Beyond the Donation: Nonprofit Accounting and Board Governance Explained, an interview with Ken Cerini

WATCH A CLIP OF THE EPISODE ABOVE! In this episode of Beyond the Donation, managing partner Ken Cerini of accounting firm Cerini and Associates discusses strategies for better fiscal management and the roles of board members in a strong nonprofit. Ken stresses the...

Tips to Prevent Wire and ACH Frauds

ACH payment fraud is becoming more common, and it is believed that the fraudsters target certain types of individuals. Unfortunately, school districts are one of those targets. Financial institutions play a crucial role in safeguarding bank accounts from fraud;...

Utility Bill Auditing

For many school districts, especially larger districts, reviewing the utility invoices can be a cumbersome process as schools have multiple accounts. We have noted that recently late fees have been added and are cropping up across the Island. Many districts have asked...

Guest Article: Securing Tomorrow’s Future: The Importance of Intelligence Powered Cybersecurity in K-12 Schools

In today's digital age, where technology is deeply ingrained in our daily lives, ensuring the cybersecurity of our educational institutions has become paramount. K-12 schools are increasingly becoming targets for cyberattacks, highlighting the urgent need for robust...

Artificial Intelligence Acceptable Use Policy

Schools are constantly looking for ways to utilize technology to improve the educational experience. Educators have quickly understood that Artificial Intelligence (AI) can be used to help a variety of students as it can adapt to different learning styles. For...

GASB Statement 101 – Compensated Absences

Many school districts allow employees to carry over their accrued leave balance at the end of a fiscal year. Some districts have different policies for distinct types of leave. For example, policies may allow for the paying out of accrued vacation leave but not...

Guest Article: Workers’ Compensation Premium Reduction

With rising costs due to inflation, escalating salaries, and increased cost of debt, everyone is searching for ways to reduce costs. One area that companies can look at is reducing Workers’ Compensation insurance premiums. One component of Worker’s Compensation...

9 Strategies to Retain Top Talent in the Construction Industry

Approximately 7.8 million people are employed by the construction industry, as of January 2023 — that’s about 2.9% of the U.S. workforce. Despite being a significant contributor to employment, the construction industry faces a unique challenge with an average annual...
Contribution Accounting for Recognizing Nonprofit Revenue

Contribution Accounting for Recognizing Nonprofit Revenue

Nonprofit organizations often receive financial support from donors, foundations, government agencies, and other entities in the form of contributions and grants. Accounting for these transactions can be challenging, as they may involve complex terms and conditions that affect the timing and amount of revenue recognition.

read more
Empowering Workers: Department of Labor’s New Overtime Rule Benefits 4.3 Million Americans

Empowering Workers: Department of Labor’s New Overtime Rule Benefits 4.3 Million Americans

The U.S. Department of Labor has made a significant move with its latest final rule, which revamps regulations concerning overtime pay eligibility. This change is poised to impact the lives of millions of American workers, addressing long-standing concerns and modernizing labor standards. Let’s delve into why this development is crucial and how it will affect both employees and employers.

read more
Tips to Prevent Wire and ACH Frauds

Tips to Prevent Wire and ACH Frauds

ACH payment fraud is becoming more common, and it is believed that the fraudsters target certain types of individuals. Unfortunately, school districts are one of those targets. Financial institutions play a crucial role in safeguarding bank accounts from fraud;...

read more
Utility Bill Auditing

Utility Bill Auditing

For many school districts, especially larger districts, reviewing the utility invoices can be a cumbersome process as schools have multiple accounts. We have noted that recently late fees have been added and are cropping up across the Island. Many districts have asked...

read more
Artificial Intelligence Acceptable Use Policy

Artificial Intelligence Acceptable Use Policy

Schools are constantly looking for ways to utilize technology to improve the educational experience. Educators have quickly understood that Artificial Intelligence (AI) can be used to help a variety of students as it can adapt to different learning styles. For...

read more
GASB Statement 101 – Compensated Absences

GASB Statement 101 – Compensated Absences

Many school districts allow employees to carry over their accrued leave balance at the end of a fiscal year. Some districts have different policies for distinct types of leave. For example, policies may allow for the paying out of accrued vacation leave but not...

read more
Guest Article: Workers’ Compensation Premium Reduction

Guest Article: Workers’ Compensation Premium Reduction

With rising costs due to inflation, escalating salaries, and increased cost of debt, everyone is searching for ways to reduce costs. One area that companies can look at is reducing Workers’ Compensation insurance premiums. One component of Worker’s Compensation...

read more