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nonprofit best practices

Nonprofit Best Practices: How Do You Measure the Impact Your Nonprofit is Making?

Is it feasible to measure the impact a nonprofit is making? Most often, impact is measured through output metrics such as the number of people who have been helped, the number of animals saved, or the number of members served. All of those have one thing in common: they are measuring by numbers. What if […]

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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 best pactices

3 Nonprofit Best Practices to Follow for Small to Mid-Sized Nonprofits

At this year’s 6th annual roundtable, sponsored by the Journal of Accountancy, many familiar topics came up: the importance of cloud computing, improving technology training for all staff, and cybersecurity. These 3 nonprofit best practices are important to focus on and simple changes can reap big results. Struggling Mid-Sized Accounting Firms According to the experts […]

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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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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 […]