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A staggering number of companies offer volunteer incentives, such as volunteer grants and paid volunteer time of, as a way to encourage employees to give back. Unfortunately, billions of dollars (and millions of eligible service hours) still go unclaimed every year. If you want to tap into this massive network of support, implementing the right […]
Recording and acknowledging in-kind gifts is a specialized accounting process for nonprofits and other charitable organizations to track non-cash contributions, such as donated goods or professional services. Per the Financial Accounting Standards Board, these donations must be documented as “Contributed Nonfinancial Assets,” requiring nonprofits to reconcile impact value with tax compliance to ensure transparency […]