Accounting Technology Demos: Building a Stronger Budget vs. Actual Reporting in Sage Intacct
Sage Intacct is a flexible and configurable accounting software solution is built on a true cloud configuration, so you can access Enterprise Resource Planning software over the intranet. Sage Intacct brings robust technology infrastructure to any organization, making it easy to share data and integrate with best-of-breed solutions without the sky-high IT costs.
Workshop Highlights: Navigating the World of Uncertainties Impacting Non-Profit Organizations
The 4th Annual GRF /NC State ERM Workshop for Nonprofits was held on February 23 and 24, 2023. Nonprofit executives and board members from across the U.S. came together to share their experiences and discuss strategies and tactics for strengthening enterprise risk management at tax-exempt organizations. Melissa Musser, Partner and Director of GRF’s Risk Advisory…
Prepare Now to Implement Topic 326 – Current Expected Credit Losses (CECL)
By: Susan Colladay, CPA, Partner, Audit Announced by the Financial Accounting Standards Board (FASB) in 2016, Accounting Standards Update (ASU) 2016-13: Financial Instruments – Credit Losses (Topic 326) is also referred to as Current Expected Credit Losses (CECL). The new standard improves financial reporting by requiring more timely recording of credit losses on loans and…
501(c)(4) vs. 501(c)(3) – Which Do I Choose?
It is important to understand the differences between nonprofit classifications when deciding between forming a 501(c)(3) or 501(c)(4) organization. The distinction between underlying exempt purpose, restrictions on lobbying and political activities, and anticipated donor composition should be considered, among other non-tax considerations.
GRF eBook: Cybersecurity Risks & Mitigation Strategies
This eBook outlines 20 different cybersecurity risk categories that can impact your organization, detailing how to identify and address them.
Overcoming Confusion Regarding FAR Cost Principles
By Paul Calabrese, Principal It may surprise you, but even government agencies get confused when it comes to which cost principles apply to a commercial government contractor (GovCon) versus a nonprofit organization. Typically, GovCons obtain federal procurement contracts while nonprofits receive financial assistance awards as grants or cooperative agreements. So, what happens when the agency…
Amy Boland Becomes Director of Audit at GRF CPAs & Advisors
Audit Partner, Amy Boland, CPA has been named the new Director of Audit at GRF CPAs & Advisors (GRF). Effective June 1, 2022, Ms. Boland succeeds Terri M. McKnight who has led the audit department at GRF since 2022.