Nonprofit Accountants: Time for Tax Prep!
It’s that time of year again. And no – I don’t just mean the holidays. With the end of the year just around the corner, you’re probably making your way through a long list of tasks to close out 2018 and prepare for 2019, including closing your books, reviewing and finalizing budgets, fully prepping for your audit, and putting the …
What Does Growth Mean to Nonprofit Financial Professionals?
There’s no question, growth is important to most nonprofit organizations, no matter the mission or the size. Although the search for new ways to generate revenue and respond to growth-related challenges continues, your peers have shared their perspectives on how to best adapt and adopt best practices. Here’s a sneak peek at the key findings …
Amp Up Your Reporting and Prepare for Frequent Asks
Particularly during a nonprofit’s growth periods, its finance team may be asked to generate reports on the health of the organization at any given moment. And, although most manage and prepare reports quarterly, bi-annually, and annually, the preference is to have the ability to provide reports based on current state. How can you be ready …
Transaction Terrors, Payroll Poltergeists, Audit Boogeymen, OH MY!
It’s that time of year again! Ghosts, goblins, and other ghoulous creatures are all making an appearance in search of treats. And, while this is a fun and spooky time of year for people of all ages, it’s also the perfect time to take a step back and think about the real horror. You know, …
Managing Growth in Today’s Nonprofits: 2018 Finance Study
Nonprofit growth can impact several areas of the organization, from funding and operational overhead to technology and risk management. It’s a balancing act, for sure. When we experience change around us, we must be able to adapt quickly, but smartly. How are nonprofits preparing for and handling growth, despite the challenges? In our most recent …
Generating Reports Relevant to Your Nonprofit
As part of your nonprofit’s governance best-of-practice, you likely find yourself faced with the recurring task of compiling reports to deliver to your board of directors and other key stakeholders. Depending on the specific needs of your organization, this reporting may fall into one of the scenarios listed below, based on the frequency of the …
Benefits of Visual Data for Nonprofits
Most of us have heard the saying, “a picture is worth a thousand words.” Now, our graphical visuals are worth more than a thousand words, they’re priceless – and can make or break a nonprofit organization.
Translating financial performance isn’t always easy, but with the right tools, you can turn complex data into a simplified story. …
Taking Your Nonprofit or Association to the Cloud
If your nonprofit or association has been slow to adopt the latest in cloud computing, here are some thoughts on how to best present cloud technology concerns related to security and usability; along with some cloud computing pros and cons.
Security
A chief concern for nonprofit or association management is securely storing the data related to the …
How to Know When Your Nonprofit is Ready for the Cloud
If you’ve been in a professional setting at any point within the last 20 years, you’ve heard about “the cloud.” You don’t even need to be a member of the IT department to have heard about it. Everywhere we turn these days, whether to an app, a technology partner, or our cell phone provider, we’re …
Nuts and Bolts of a Nonprofit Audit
If you’re new to the nonprofit accounting space, you might be a little lost on what’s expected of you – and what to expect – from an audit. Never fear! It’s not difficult to get all caught up and ready to roll when that audit appears on the horizon.
The Fundamentals
What exactly is an audit? According …