Katie McClosky is a product manager at Sage Intacct, a cloud-based financial management software package for nonprofits (and others) to understand and communicate their financial position. A recent update to accounting standards for nonprofit organizations (ASC Topic 958) changes how nonprofit organizations recognize revenue, talk about restrictions of gifts, and more. Katie talks about updates to Sage Intacct to help clients understand the changes, and prepare them to engage their staff and supporters in telling the full story of their sustainability, liquidity and more. Sage has additional resources available, including upcoming and recorded webinars from Sage to learn more.
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