Three Keys to Effective Nonprofit Budgeting
Having worked with nonprofits as an employee, chief financial officer, auditor, and financial/systems consultant for the past 25 years, I’ve encountered an unlimited array of budgeting approaches. And I’ve worked with many organizations that have abandoned budgeting altogether. Then there are the budgets that effectively become sledge hammers, cursed by the victims. Oh, the worst …
Preparing to Survive a Nonprofit Audit with Technology
Successfully crossing the finish line of a nonprofit audit requires ongoing discipline and intensive preparation from your finance team. In a recent Abila study of nonprofit finance professionals, more than half reported spending two-plus weeks preparing for an audit! To help you along the journey, your financial accounting system is a companion in which you …
Spring Cleaning in Preparation for Your Nonprofit Audit
Martha Stewart, queen of all things domestic, homemade, and orderly, professes, “There are few rites of spring more satisfying than the annual clean.”
Well folks, it’s officially spring, and time for that annual clean Martha claims is so satisfying. And, that means you, nonprofit financial professionals. But we’re not talking hauling unwanted items from your bedroom …
Nonprofit Accountants – I Sure Hope to See You at AUDC 2017!
Well it’s that time of year again – time for our Abila User and Developer Conference (AUDC 2017)! It’s our one opportunity annually to gather together as customers, partners, and Abila product experts to learn from each other, network, and ultimately head back to our respective offices refreshed and fortified with new ideas to implement …
Top 10 Reasons to Attend AUDC 2017
Our 2017 Abila User and Developer Conference (AUDC) is right around the corner, April 11 to April 13 in Nashville, Tennessee. Have you booked your ticket to Music City? If not, below is The Top 10 List for AUDC and why this is definitely an event you don’t want to miss!
(Drum roll, please.)
Jam-Packed …
The Number One Weakness Contributing to Nonprofit Fraud
You have a top-notch team. Everyone is focused and dedicated to your mission. The thought of one of them skimming a little something off the top for themselves doesn’t even cross your mind. They’re good people helping you do good things, right? Think again.
In our Nonprofit Fraud Quick Guide we debunk the myth that only …
Deregulation in the Trump Administration Will Likely Impact Nonprofits
It’s only been a month since President Donald Trump was sworn into office, and it’s clear campaign promises for big changes are coming to fruition. Presidents are typically judged on their actions within their first 100 days in office, and the new administration may set records for change enacted via executive orders and legislation.
For nonprofit …
How Cloud Technology Can Profit Your Nonprofit
Are you spending hours compiling reports from spreadsheets or pulling information from multiple sources? The technology available to nonprofit organizations has changed greatly over the years. The legacy systems and specialty software you have in place today aren’t keeping up with the pace of change, and it’s time to put a more efficient system in …
How Atlanta Opera Better Equipped Its Board To Meet Legal Duties
Some of your board members have very altruistic reasons for joining your nonprofit’s board. They believe in your mission. They connect with the population you serve. They, a family member, or friend has been the personal recipient of your work. Or, perhaps they’re just selflessly philanthropic, and want to give back, in some way, to …
Stop Nonprofit Fraud With These Three “Ts”
When it comes to preventing fraud, most nonprofit finance professionals report their organization is doing a good job, but far from a perfect job. In fact, according to the 2016 Nonprofit Finance Study, 34 percent say their organization undertakes actions that put it at risk for fraud, and only 40 percent say their organization put …
