Are we there yet?
In recent months, not-for-profits (NFPs) have been hit especially hard with “the big 3” standards: the new NFP financial reporting model, revenue recognition, and grants and contracts. Understanding and implementing these standards has taken up our most precious resource: time. But alas, we can reallocate that time and focus on our missions and other important projects that may have been “on hold” while implementation efforts were at an all-time high. Today, after tackling the big 3,