Happy businesswoman wearing suit working using a calculator in a desk at office

What is the Difference between For-Profit Accounting and Fund Accounting for Nonprofits?

There are many differences in the accounting tasks required for profit and nonprofits organizations. While both sectors are required to report and track income and expenses and perform payroll duties, nonprofits have more requirements to meet. These requirements stem from a nonprofit’s duty to apply their financial (and non-financial) resources to their mission and allocate […]

nonprofit best practices

Nonprofit Best Practices: How Do You Measure the Impact Your Nonprofit is Making?

Is it feasible to measure the impact a nonprofit is making? Most often, impact is measured through output metrics such as the number of people who have been helped, the number of animals saved, or the number of members served. All of those have one thing in common: they are measuring by numbers. What if […]

Comments Off on Nonprofit Best Practices: How Do You Measure the Impact Your Nonprofit is Making? Continue Reading →
nonprofit fund accounting

5 Tips to Improve Data Security for Your Nonprofit Fund Accounting

A virus can bring your nonprofit to a raging halt when it infects your computer system, forcing your nonprofit to come to a stand-still until your IT staff takes care of the problem. It doesn’t matter how careful you are with your computer networks and systems, there is always a chance that a virus could […]

Comments Off on 5 Tips to Improve Data Security for Your Nonprofit Fund Accounting Continue Reading →
nonprofit best pactices

3 Nonprofit Best Practices to Follow for Small to Mid-Sized Nonprofits

At this year’s 6th annual roundtable, sponsored by the Journal of Accountancy, many familiar topics came up: the importance of cloud computing, improving technology training for all staff, and cybersecurity. These 3 nonprofit best practices are important to focus on and simple changes can reap big results. Struggling Mid-Sized Accounting Firms According to the experts […]

Comments Off on 3 Nonprofit Best Practices to Follow for Small to Mid-Sized Nonprofits Continue Reading →
nonprofit fund accounting

5 Ways to Train your Team on the New Nonprofit Fund Accounting System

Before you get too excited about the new nonprofit fund accounting system you have chosen, have you made training plans for your employees? Training is often overlooked when it comes to launching new fund accounting software. Everyone that is involved with the selection, implementation, and use of the new software should be involved in the […]

Comments Off on 5 Ways to Train your Team on the New Nonprofit Fund Accounting System Continue Reading →
financial management for nonprofits

Segmentation Targets Marketing for Financial Management for Nonprofits

At the beginning of every year, your financial management for nonprofits team has to compile new ideas for your organization to raise funds. Your donors need to feel appreciated and you can provide that to them by building a more meaningful connection. Your donor list is most likely a very long list of long-time loyal […]

Comments Off on Segmentation Targets Marketing for Financial Management for Nonprofits Continue Reading →
accounting software consultants

Accounting Software Consultants Suggest a 5-Step System to Purchase Nonprofit Software

Accounting software consultants understand the responsibility of managing money for your nonprofit. It is a huge undertaking to create a budget for your nonprofit in order to save and spend where needed. When it comes to purchasing software, it doesn’t need to break the bank. The good news is that purchasing software is doable on […]

Comments Off on Accounting Software Consultants Suggest a 5-Step System to Purchase Nonprofit Software Continue Reading →
bookkeeping for nonprofit organizations

Bookkeeping for Nonprofit Organizations Helps Prevent Fraud

Trust needs to be earned. Bookkeeping for nonprofit organizations records financial transactions and information pertaining to businesses on a daily basis, ensuring that records are correct, up-to-date, and comprehensive. This helps eliminate potential fraud within a nonprofit. Nonprofits, just like other types of companies, work best with trust and mutual respect among colleagues. Without trust, […]

Comments Off on Bookkeeping for Nonprofit Organizations Helps Prevent Fraud Continue Reading →
financial management for nonprofits

Financial Management for Nonprofits: How BlockChain Is Affecting Nonprofits

Financial management for nonprofits and blockchain do not seem they would complement each other well. Is blockchain just a fad, or is it something that we should be paying more attention? Blockchain is the new technology which is reinforcing an economy that is now fueled by cryptocurrency. It is also a perfect fit for businesses […]

Comments Off on Financial Management for Nonprofits: How BlockChain Is Affecting Nonprofits Continue Reading →
nonprofit consulting companies

Nonprofit Consulting Companies Offer Interview Tips

Nonprofit consulting companies, such as RBP Methods, have tips to help your nonprofit team prepare for interviews. Networking is one way to find great people for open positions, but there are other ways you can find the best person fit for the job. If you are in a rut and can’t find the right person […]