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nonprofit financial management

Has Your Organization Outgrown Its Nonprofit Financial Management System?

  Can you think back to when you were a child and you outgrew a pair of shoes? They pinched and hurt your feet when they were too small. So too does software that no longer fits your nonprofit organization. When it outgrows its nonprofit financial management system, you feel the pinch throughout the organization. […]

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Cloud Technology Improves Nonprofit Financial Management

Cloud technology has come a long way from being a “nice to have” to being an essential part of any nonprofit organization. Many organizations now embrace the cloud to run their software and conduct daily business. If you’re still on the fence about whether or not to move your software to the cloud, reviewing how […]

nonprofit financial management

Nonprofit Financial Management Tips: Mitigate Funding Instability Risks

When it comes to nonprofit financial management, funding instability is a risk that organizations must face. In an election year, when new members of congress and a new president tackle revising the annual budget, there’s a real risk of grants and other funds being discontinued. Weathering periods of funding instability and forming an action plan […]

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What Nonprofit Financial Managers Should Know about the Government’s Annual Report

As a nonprofit financial manager, you have a lot on your plate. Not only do you need to keep the books and manage the money, you also need to set financial policy and direction. One place to look for future trends in nonprofit financial management is The Financial Report of the United States Government. This […]

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Nonprofit Financial Management: FASB Financial Reporting Standards Updated

  Nonprofit financial management means keeping abreast of new developments both within your organization and within major governance and policy boards. The Financial Accounting Standards Board (FASB) of the United States issued an important update which nonprofits should take note of in order to be ready for the proposed changes. New FASB Nonprofit Guidelines Issues […]

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Successful Nonprofit Financial Management with Process Roadmaps

Improved Nonprofit Performance Through Process Roadmaps Some say the definition of insanity is doing the same thing over and over.  Have you ever started a project or task and thought to yourself, “I’ve done this before, but I can’t remember how I did it?” Perhaps you had to perform the task last year, or a […]

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Best Practices to Survive the Year-End in Nonprofit Financial Management

  It’s almost the end of the year and while some people are picking out their outfits to ring in the New Year, the nonprofit financial management team is working hard to keep their heads above water while completing their year-end tasks and procedures. If you are treading water and want your own personal flotation […]

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Nonprofit Financial Management News: Old Scam Resurfaces, Charities Warned

The Better business Bureau warns nonprofit organizations that scammers have struck at 18 nonprofits near the Richmond, Virginia area. Although only three fell prey to the scam, it is likely the perpetrators will continue elsewhere in the nation. Learn more.

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Managing the People Aspect of Your Annual Audit

Part of nonprofit financial management is the annual audit. Just when you were getting into the swing of summer comes that time of year when you must start preparing for the annual audit. In some states, an annual nonprofit audit is required. Many nonprofits prefer an independent audit that helps them verify their finances. Audits […]

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Getting in the Game with #GivingTuesday

#GivingTuesday, an answer to the over-consumerism of Black Friday and Cyber Monday has been widely embraced. Individuals, families, businesses, students, and communities around the world will participate in another #GivingTuesday on December 1, 2015. If this is a new concept to you, check out the website at givingtuesday.org to learn more. #GivingTuesday has shown tremendous […]