BWTP Gives Back

Every year as we are getting ready to send our children back to school, we receive that dreaded school supply list. Even though we know it is coming, sometimes there is nothing that can be done to prepare for it. As a company made up of 58 employees, we are well aware that sometimes u

Ratio Analysis for Not for Profits

Using ratio analysis to manage your not-for-profit organization has become more popular. There are a set of ratios that help managers and board members evaluate the liquidity, operations, and spending of the organization. It is important for those managers and board members to be able

Changes for Not-For-Profits Financial Statements

During August of 2016, the Financial Accounting Standards Board (FASB) issued an update relating to standards that govern the financial statements of Not-For-Profit entities. The update becomes effective for all entities whose fiscal year begins after December 31, 2017 for annual fina

The FASB Just Released Brand New Not-for-Profit Accounting Standards

On August 18th, 2016, the Financial Accounting Standards Board (FASB) released important changes to accounting standards — changes that apply specifically to not-for-profit organizations. According to Accounting Today, the update chiefly concerned net asset classification, and it appa