Sage 100 Fund Accounting (formerly MIP Fund Accounting) is a complete nonprofit financial management solution. From fund accounting to grant management to human resources, Sage 100 Fund Accounting offers an intuitive solution that helps nonprofit organizations achieve greater accountability, effective financial management and program success. Its special features – which include budgeting, forecasting, grant management [...]

Grant management software is just now beginning to take hold in the nonprofit industry and with its emergence comes many misconceptions and myths. We believe that grant management software can vastly improve your grant management process, giving you the tools you need to track every grant your nonprofit applies for and their specific requirements of [...]

Many nonprofit organizations make the mistake of thinking that once the new year has passed, their year-end responsibilities are over. After all, the year-end fundraising efforts have concluded, year-end reports have been made, and accounts have been closed out. What more is there to do? While it may seem odd to begin working on year-end [...]

Nonprofit fund accounting is more than an accounting system. It is a way of financial management. True fund accounting for nonprofits requires fund development planning and strategic fund accounting. We have discussed fund accounting for nonprofits extensively on our blog and by now you most likely know the benefits of investing in a nonprofit fund [...]

Donor relationships are crucial to the success of nonprofit organizations. Without donors, there are no funds; therefore, nonprofits should work hard to exceed donor expectations. One of the most shocking revelations in Sage’s recent donor loyalty study was that only 29% of nonprofits have a lapsed donor program.  That costly mistake presents a huge opportunity [...]

Nonprofit financial management is not fun nor easy, but it is necessary. As government and private donor requirements become more stringent, nonprofit organizations are implementing new software and procedures to manage and report on their financials correctly. While fund accounting software can help organizations vastly improve upon nonprofit financial management, there are some simple steps [...]

Many nonprofits voiced their concerns that the Fiscal Cliff deal would have a negative impact on charitable deductions. They worried that capping the tax deductions for charitable contributions from the wealthiest families and individuals would hamper their fundraising efforts. However, the Fiscal Cliff deal did not limit tax breaks on charitable deductions and may in [...]

Historically, the beginning of the year sees an influx in nonprofit donations, but many organizations are wondering if those donations will be enough to keep them running throughout the year. A new survey report entitled Non-Profit 2013 Financial Outlook, Reporting, & Systems reveals the top priorities and challenges facing nonprofits in 2013. According to the survey, 2013 [...]

While it is critical to the running a nonprofit organization, many people dread the nonprofit accounting process, particularly bank statement reconciliation. In nonprofit accounting, reconciling bank statements ranks high on the list of procrastination but it doesn’t have to be that way. Ideally, reconciling the bank statement is a task accomplished through specialized nonprofit accounting software; [...]

Investing time and money in nonprofit fund accounting software is an important undertaking. Why are you considering a new software system? Perhaps your organization has experienced growth or downsizing or you have been awarded new grants that require additional complex reports. It’s critical to determine not just the key changes that prompted the initial search, [...]