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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, […]

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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 best practices

Nonprofit Best Practices: Cybersecurity Basics, Part 2

How can nonprofit organizations prevent potential cyber attacks and data breaches? As we established in our last article, nonprofits are at risk for data breaches and cyber attacks. There are many reasons for the unique vulnerability of nonprofits to come under attack: understaffed, underfunded for IT upgrades, and a false sense of security (“we’re too […]

nonprofit best practices

Nonprofit Best Practices: Cybersecurity Basics, Part I

The Consequences of a Data Breach to a Nonprofit Organization Among nonprofit best practices, data security is often far down the list of tasks nonprofit leaders build into their days. Yet it is of utmost importance. In 2015, the Nonprofit Center for Charitable Statistics was hacked. Annual reports to the IRS were the targets of […]

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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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5 Tips to Protect Nonprofit Data and Weather Disaster

Hurricanes, blizzards and other weather-related events can disrupt operations if there isn’t a plan in place. Knowing how to prepare for disaster is tricky and can take different forms. Some people go to the extreme in their planning which may not be necessary. Others live in the land of “it’ll never happen to me” leaving […]

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Nonprofit Accounting Software Helps Fundraising and Finance Work Together

The Challenges of Working Together Accounting software for nonprofits can help two different departments communicate better. Fundraising and finance sometimes feel like they’re on opposite sides of the court, staring each other down over a volleyball net. Although it can feel like you’re on opposing teams, you’re both working towards a common goal. The more […]

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nonprofit accounting software

Five Ways to Prevent Fraud at Your Nonprofit

It can be painful to think that someone on your staff, someone you work with every day, is stealing from you. Yet nonprofit fraud exists. We’ve all heard horror stories about someone caught embezzling funds or cooking the books to their advantage.  Nonprofit accounting software can help you spot fraud, and the following five tips […]