A.J. Knapp | Rea CPA
Author
Apr 17, 2024
Article

Understanding Net Asset Classifications: A Key to Financial Clarity

Not-for-profits play a vital role in addressing community needs, relying primarily on donor generosity. Effective financial management hinges on accurately tracking asset restrictions, which are critical for decision-making. This article outlines net asset classifications, highlights best practices for their management, identifies common challenges, and suggests resources for future guidance.