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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 […]

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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 […]

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financial management for nonprofits

Financial Management for Nonprofits: How to Choose an Online Donation Processing System

Choosing an online donation system for your financial management for nonprofits comes with very important decisions to make. Donors are now expecting to have an easy way to donate to your nonprofit by using their credit or debit cards. By adding the feature of accepting donations through your website, you open doors to make it […]

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financial management for nonprofits

Financial Management for Nonprofits: An Update on Accounting Standards FASB ASU 2016-14

It is crucial for your financial management for nonprofits team to stay up-to-date on FASB standards. There is an update on FASB ASU 2016-14 that nonprofits should fully understand in order to follow and comply with the latest accounting standards updates. FASB ASU 2016-14: Net Asset Classification Updates The most prominent change from FASB ASU […]

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nonprofit financial management

Exceptional Customer Service is Crucial for Nonprofit Financial Management Teams

Customer service looks different for every nonprofit organization. The type of customer service that you want to provide is determined by the type of work you are doing. There are more than 45,000 veterans’ organizations devoted to veterans and their families, assisting in many areas of veterans’ lives. Patience, encouragement, and continued support may be […]

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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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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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