nonprofit financial management

The Tax Reform Bill Will Change Your Nonprofit Financial Management Tactics

The House and the Senate passed the Tax Reform Bill on December 19, 2017. This bill will change how you financially manage your nonprofit. This tax reform bill impacts several areas of taxation, including nonprofit organizations. President Trump signed the bill into law on the 22nd of December of 2017. This bill will set in […]

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online nonprofit fundraising

The Difference between a Public and Private Cloud for Nonprofit Fundraising

Hopefully, by now, you’ve seen the term “cloud computing” and have a basic understanding of what it means for your nonprofit. There are many benefits that come with cloud computing, such as: no special hardware to purchase, no support staff needed, and an increase in accessibility to your systems, including your online nonprofit fundraising.  The […]

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fund accounting for nonprofits

Technology to Increase Fund Accounting for Nonprofits

Technology is the leading trend affecting fund accounting for nonprofits and foremost in organizations’ minds as they work toward their goals. Technology is constantly changing, and rapidly. New advances from the for-profit world are pushed into the nonprofit world almost immediately. These advances are changing operations and fund accounting for nonprofits. Let’s take a look […]

cloud computing

Has Your Nonprofit Considered Moving to the Cloud?

Cloud computing has come a long way and is now becoming an essential part of any nonprofit organization. Many organizations have embraced the cloud to run their software and carry out daily business. If you’re still on the fence about whether or not to move your software to the cloud, consider the easy steps outlined […]

nonprofit accounting

FASB Changes Impact Nonprofit Accounting for Grant Revenues

Now is the time to update your nonprofit accounting policies for a clear and concise categorization and accounting of grants and contributions for your organization’s financials. The Accounting Standards Update (ASU), titled Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made, still has changes coming. Even though the comments period has ended […]

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nonprofit internal controls

Fund Accounting Enhances Nonprofit Internal Controls

Nonprofit accounting software and consulting company, RBP Methods, shares tips for improved nonprofit internal controls. Have you heard of the new “integrated audit technique” that has entered the nonprofit world? In essence, this technique can enhance your nonprofit internal controls. Internal controls and fund accounting are both necessary and provide safeguards against losses, thefts, and […]

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The Characteristics of Top Staff Accountants

Managing the fund accounting process for nonprofits requires an Accountant that shines with accuracy, detail, logic, and great communication skills. To find the diamond in the rough, deeper character traits and highly specific skills are needed. If you’d like to be numbered among the best accountants in your field, then make these skills a priority […]

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Nonprofit Staff Reap Rewards from Cloud Computing

Changing from an antiquated system to cloud-based fund accounting can be challenging. Some staff will most likely resist the change. Team members might be concerned that their value as the “go-to answer gal/guy” for navigating through the old system challenges will be lost. Nevertheless, when an organization realizes the numerous benefits of cloud computing, their […]

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When Your Nonprofit Executive Moves On

It’s inevitable. Nonprofit executives will come and go. When a beloved leader decides to retire or leave an organization, it offers both challenges and opportunities. The shoes of a great CEO or CFO can be hard to fill. Finding someone to care for the people and believe in the mission who also has great leadership […]

FASB

It May Be Time to Update Your Nonprofit Policies

It may be time to update your nonprofit policies about how grants and contributions are accounted for in your organization’s financials. FASB issued a proposed Accounting Standards Update (ASU), titled Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made. Although the comment period is now closed (it closed November 1, 2017), nonprofits […]