Functional Expense Reporting
Functional Expense Reporting
8 PagesFunctional Expense Reporting An Executive Summary for Nonprofit Organizations White Paper ©AccuFund 2021 www.accufund.com 2 This White Paper is a summary of presentations we have hosted for Nonprofits on the topic of Functional Expense Reporting (FER) that is required for all not-for-profit entities. It should be noted that there are a few states where additional considerations impact the process. However, this is a general primer on the nature and goals of Functional Expense Reporting. Our webcast series takes into consideration the particular aspects of state variations (e.g. Massachusetts, California) and we bring in local CPAs to address those aspects. Looking at GAAP Expense Rules, you should be mindful of three things with regard to your organization’s f
