ASC 842 changed how nonprofits account for leases, bringing agreements once buried in expenses on the statement of activities onto the statement of financial position. This practical guide walks through the ASC 842 decision tree—from identifying leases to documenting judgment areas—helping nonprofits improve audit readiness, financial clarity, and confidence in lease accounting.

BryMar CPA was honored to attend the La Placita Groundbreaking Ceremony with the School of Arts and Culture (SOAC), celebrating the start of construction on a long-vacant 28,000 square foot property that will soon become a vibrant community center. La Placita is set to feature a theater, café, and family wellness center, creating an exciting new space designed to support connection, creativity, and wellness for the surrounding neighborhood. As SOAC’s auditors, BryMar is proud

Hosting a nonprofit gala or fundraiser? Learn how to handle special event accounting, avoid audit findings, and accurately report revenue.