Accounting For Fundraising

Recording Year-End Checks/Gifts to Nonprofits

By Christine Manor on January 18, 2012

A reader asked: If my 501 (c) 3 organization receives a check/donation in January 2012 (postmark is also for January 2012), but the check has a December 2011 date, is it correct that we are to record that donation as 2012 income … even though the intent of the donor may be for the gift […]

Accounting for Fundraising: Recording the Gift/Expense

By Christine Manor on August 30, 2011

Not long ago, we received an email with a “programs-vs-finance” question…. “Finance is telling me that once a grant is approved it should be listed in the GL immediately, because it becomes a liability not to do so. “We have always waited for the grant award letter to be returned before actually marking the grant “approved,” in case a […]