Making the Switch: What For-Profit CFOs Need to Know About Nonprofit Accounting
You worked your way up through the normal accounting roles. You cut your teeth on accounts payable and have managed [...]
How to Build a Better Nonprofit Budget in Less Time and with Less Stress
Like a good recipe, your nonprofit budget requires high-quality ingredients, easy-to-follow steps, and a knowledgeable cook or two to put [...]
5 Ways Fund Accounting Simplifies Financial Reporting for Community Health Centers
With multiple points of accountability and dynamic funding sources, accounting professionals in community health centers face complex challenges. Not the [...]
Beyond the Audit: 6 Best Practices to Build and Strengthen Your Relationship with Your Audit Firm
In recent years, relationships between nonprofit organizations and their auditors have seen positive change. Auditors are viewed less by nonprofits [...]
Taking the Guesswork out of Managing Restrictions with a Fund Accounting Solution
You know how important it is to manage your funds according to their purpose and source. That includes ensuring that [...]
Your Unrestricted Funds Need Stewardship, Too
Since she signed the Giving Pledge in 2019 and began her momentous campaign of organization-changing donations, MacKenzie Scott has given [...]
3 Strategies to Build Your Organization’s Financial Capacity
Here are three strategies your organization can use to build its capacity to plan for more, not less resources to meet its mission.
Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance
You’ve been grant shopping for some time now, but are you prepared for what’s next once you start to receive [...]
Statement of Activities: Common Mistakes and How to Avoid Them
The Statement of Activities—commonly referred to as an SOA—is one of four essential financial statements for nonprofit organizations. It offers [...]
Don’t Jeopardize Your Nonprofit Compliance with a Commercial Accounting System
Grant-funded nonprofits know compliance isn’t a nice-to-have. It’s a must-have. You might be able to win back an unhappy donor [...]
