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How Can I Choose Management Software That’s Right for My Church?

Strategy Driven

They produce the GAAP principles which state how non-profits should have a fund accounting system in place. And if you need advice on issues like smart management read our other online guides. Remember to download our podcasts to keep up-to-date with the latest StrategyDriven advice.

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When Tracking Projects, Ignore Your Accountants

Harvard Business Review

They're just following what's known as Generally Accepted Accounting Principles, or GAAP. But GAAP is exactly where the trouble lies. According to GAAP we are now 50% complete, because we have spent 50% of our budget. The GAAP financial report will recognize half the revenue on the project, or $2.5

GAAP 15
article thumbnail

When Tracking Projects, Ignore Your Accountants

Harvard Business Review

They're just following what's known as Generally Accepted Accounting Principles, or GAAP. But GAAP is exactly where the trouble lies. According to GAAP we are now 50% complete, because we have spent 50% of our budget. The GAAP financial report will recognize half the revenue on the project, or $2.5

GAAP 8