2017 Nonprofit Finance Prediction: Structural Staffing Changes and the Overtime Rule
As we kick off 2017, both traditional and social media are inundating us with coverage about “jobs, jobs, jobs” – the focal point for the incoming Trump administration. Late last week, Amazon announced plans to hire 100,000 new jobs over the next two years. This comes on the heels of manufacturing companies like Ford and …
Will Funding Be an Issue for Nonprofits in 2017?
Every year, our Abila experts put together a list of predictions for nonprofit finance and accounting. One of the big trends we’re keeping an eye on this year is funding instability. We believe it has the potential to be a formidable issue for those of you working at nonprofit organizations, and may affect the way …
Technology Efficiency, Funding Instability Top Key Nonprofit Finance Trends in 2017
It can be hard to get back into the swing of things at the beginning of the year, so we’re here to shed some light on key trends we see having the biggest impact on nonprofit finance in 2017.
In the video below, we provide a sneak peek at five trends:
We also provide a deeper look, …
The Fact of the Matter: Nonprofit Fraud
Despite their altruistic missions, nonprofit organizations are not immune to the threat of financial fraud. In fact, the Association of Certified Fraud Examiners estimates that nonprofits face a loss of more than $40 billion a year to fraud, prevalent in more than 20 percent of organizations.
Being aware and taking preventative action are the best proactive …
What is Government Fund Accounting?
Government entities – whether local, state, or federal – are diverse and complex, with countless legal and fiscal constraints around how they carry out their various and diverse operations. Consequently, government fund accounting can be a bit of a beast.
And, government accounting professionals are held to specific requirements (read: laws) to be completely transparent about …
10-Point Checklist To Help Nonprofits Prepare for FLSA Overtime Rule Change
In just about two weeks’ time, the Department of Labor Fair Labor Standards Act overtime rule changes will officially go into effect.
It’s clear, the new overtime rule is going to have an impact on the nonprofit sector. And, having recently spoken at the Nonprofit Finance Summit in Washington, D.C. – just blocks from the White …
The Complicated Complexities of Compliance
As we discovered in our recent 2016 Nonprofit Finance Study, rules and regulations changes can lead to uncertainty, added complexity, and an increase in cost to ensure compliance.
More than 50 percent of the folks we surveyed say they spend five hours of every month working on compliance-related issues. And, nearly half of that group spends …
The Nonprofit Accountant’s Quick Reference Checklist for Year-End
With Abila’s Year-End Survival Guide by your side, you’re ready to navigate the inevitably choppy Q4 waters!
Well, almost.
In addition to budget prep, ACA reporting, annual report production, and pre-audit planning, there are still routine accounting activities demanding your attention.
Here’s a quick Year-End Quick Reference Checklist to keep you and your finance team on track, organized, and …
5 Tips to Help Nonprofit Finance Professionals
Recently, we released our 2016 Nonprofit Finance Study that took a look at the complexities of nonprofit finance and accounting. While managing revenue dollars from multiple sources was identified as the biggest challenge for most nonprofit finance professionals, ongoing rules and regulations changes only add to the level of complexity, increasing both time and dollars …
We Can’t Do it All, But We All Can Do Something
Have you ever considered what it would be like if nonprofits didn’t exist? The world as we know it would be a much different place. Can you imagine the hopeless feeling when natural disasters strike and no one is there to provide a helping hand? What if there were no voices for the hungry, the …
