Cash Flow

Can I Use My Endowment As Collateral?

By |2019-04-01T13:30:06-05:00March 13th, 2019|Assurance, Board, Budget, Cash Flow, Gifts, Nonprofit|

Organizations looking to expand their programs sometimes need to obtain bank financing for large projects such as the acquisition of a building. Depending upon the financing received, collateral is often a necessary piece of closing the deal. For organizations with large endowments, the question may come up as to whether the organization may use the [...]

Top 10 Accounting Acronyms Every Business Owner Should Know

By |2019-04-05T14:59:26-05:00January 30th, 2019|Accounting, Advisory, Cash Flow, Tips, Value|

You need accurate financial information to help you measure the results of all the hard work that goes into your business. The problem is, your accountant uses more acronyms than your teenage daughter’s text messages. This leaves you feeling frustrated and confused. You can either smile and nod until the conversation ends or spend the [...]

Decoding the Nonprofit Financial Lingo: Statement of Financial Position

By |2019-03-29T13:10:41-05:00January 23rd, 2019|Accounting, Advisory, Assurance, Cash Flow, Nonprofit, Tips|

Have you ever attended a presentation of financial information and not been familiar with the jargon the presenter was using? Have you been uncertain whether you are the only one with questions? Maybe you’re the accountant or treasurer for your organization and you’re met with blank stares? Nonprofits have their own set of financial terminology [...]

Here They Are…More Changes to Financial Statements!

By |2019-01-16T09:40:45-05:00December 11th, 2018|Accounting, Board, Budget, Cash Flow, Change, Compliance, Investment, Nonprofit, Preparation|

Previously in “Changes to Financial Statements for Not-for-Profit Entities, Are You Ready?” we provided information on the changes to net asset presentation and underwater endowments under the new financial statement presentation standard. Now we will address the new presentation and disclosure items related to liquidity and availability disclosures, functional expenses, investment expenses, and the statement [...]

Divorce Can Hurt – A Case Study in the Tax Consequences

By |2019-04-10T13:28:41-05:00September 19th, 2018|Cash Flow, Litigation Support, Tips|

When I was a kid, my dad said something that has stuck with me throughout my life. Considering I grew up to be a CPA, the irony of his statement isn’t lost on me... He said, “Son, there are only two definite things we must do in this world, pay taxes and die.” The takeaway [...]

Choosing the Right Accounting Method for Tax Purposes

By |2018-08-31T10:05:14-05:00August 31st, 2018|Accounting, Cash Flow, Change, IRS, Tax Planning, Tax Reform|

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method, which is simpler than the accrual method, available to more businesses. Now the IRS has provided procedures a small business taxpayer can use to obtain automatic consent to change its method of accounting under [...]

Understanding the Statement of Cash Flows

By |2018-07-13T11:00:15-05:00May 8th, 2018|Budget, Cash Flow, Nonprofit|

Dan Montgomery, CPA and Senior Assurance Associate at TDT, explains why having an effective internal control system is important. With more than ten years of experience, Dan specializes in audits of nonprofits, governmental entities, and employee benefit plans. Required Financial Statements Under Generally Accepted Accounting Principles (GAAP), there are three basic financial statements that nonprofits [...]

Do You Speak The Language?

By |2019-02-03T13:27:29-05:00December 4th, 2017|Advisory, Cash Flow, Goals, Leading, TDT, Value|

Are you fluent in your business?  Can you speak the language?  Most of us would say of course!  But what language are you speaking?  The financial language or the business language – and why is that distinction important? Answer the following questions: Can you make a profit and not have any cash? Can you make [...]