USA Revenue Recognition for Not-for-Profit


Joined
Jul 8, 2019
Messages
3
Reaction score
0
Country
United States
We received a large donation this year that the donor specifically stated it was to be used in March 2020. Would this donation sit on the balance sheet at 12/31/19 as a restricted donation until used the subsequent year?
 
Ad

Advertisements

Joined
Jul 8, 2019
Messages
3
Reaction score
0
Country
United States
Thanks, Kirby. So to confirm the revenue does not get recorded on the Statement of Financial Activities in the current year/year received.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top