Don’t ask yourself what the world needs; ask yourself what makes you come alive. And then go and do that. Because what the world needs is people who have come alive.”
— Howard Thurman, Author and Philosopher
You may not associate the word “accounting” with the words “nonprofit” or “mission,” but consider this: Nonprofit accountants are the unsung heroes of the accounting world. They play a critical part in nonprofit growth and in bringing a nonprofit’s mission alive.
Let me explain.
In 2016, we surveyed nonprofits to learn about growth. We gleaned a lot from that study, like the fact that 80 percent of nonprofits plan to grow by seeking new grants and expanded fundraising. We also discovered that the biggest financial issues facing nonprofits were managing the complexity of revenue sources, managing budget, and creating processes to ensure finances run smoothly.
At the same time, our study found that only 27 percent of those performing financial tasks at nonprofits are CPAs, and 13 percent were originally hired for a role outside finance. Thus, many nonprofits turn to a nonprofit accounting firm to guide them in managing the complexities of their finances.
Many nonprofit accountants start by becoming experts in QuickBooks. And, while QuickBooks is a great entry-level option for small nonprofits, once a nonprofit receives multiple funding sources, they “graduate” and it’s time to start looking for new accounting software. Many nonprofit accountants become well-versed in nonprofit accounting software, so they can help their clients make the transition.
Just as there’s a reason nonprofits should use fund accounting software, there’s a reason nonprofits turn to nonprofit CPAs – they understand the challenges nonprofit organizations face. At Community Brands, our Business Partners are nonprofit accountants who have evolved into trusted advisors and who excel in helping nonprofits choose and implement fund accounting software. Implementing new software can be one of the most challenging projects in the workplace, and our Business Partners have the experience and the education to help navigate and reduce stress through this intricate process.
When it comes down to it, nonprofit accountants truly make a difference in the growth and mission delivery of nonprofits. And we’re proud to partner with them – helping our nonprofit customers come alive and achieve success.
Are you looking to diversify your accounting firm? We’re looking for a few good partners to further expand our program and become trusted advisors to our nonprofit customers and prospects. Contact us today to find out how working with Community Brands can help you make a bigger impact – one mission at a time.