Many organizations are dependent on in-kind contributions, although they can be the hardest types of contributions to evaluate and record. This discussion focuses on the technical aspects of how to record and recognize in-kind donations and services for non-profit organizations.
Determine how to properly record and account for in-kind donations.
Neely served four years in the United States Navy, and one year as a State Auditor for Virginia. With more than 15 years of auditing experience in public accounting, her responsibilities include planning, risk assessments, and completion of audit procedures; supervision of staff and reviewing of workpapers, and financial statements; and attending board as well as audit committee meetings after completion of audit. Neely also performs forensic work related to various cases, internal controls consulting, as well as consulting for healthcare practices. In addition to handling the accounting and audit needs of her clients, she advises clients on operational efficiencies, governance issues, and routinely shares best practices with clients gained from working with a variety of organizations. She is a national speaker on technical matters in the accounting community.
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