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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 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 […]

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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 […]

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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 […]

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 […]

management

3 Hard Questions to Ask to Improve Nonprofit Management

Abila MIP Fund Accounting Makes Data Available for Decisions Managers have finite resources and an almost limitless task list they must accomplish in a given day, week, month or quarter. They have to handle people and budgets with equal finesse, and in a nonprofit organization, also managing public perception. More importantly, they have to be […]

AccuFund mobile for nonprofits

Going Mobile with Your Accounting Software for Nonprofits

New accounting software for nonprofits has capabilities which can make mobile access and telecommuting easier, benefiting the whole company. Telecommuting may not seem like it offers many advantages for your organization, but research shows that people who are allowed to work from home are more productive and happier. BizTech magazine reports that telecommuting employees work […]

Nonprofit Accounting

Nonprofits Provide Career Prospects for Millennials

Our partners over at Abila have done a tremendous amount of research and have put together Key Nonprofit Accounting Predictions for 2016. We have found this tool to be very useful for nonprofits an are bringing you some of the top findings to help you uncover the challenges you may be faced with this year, […]