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10 Considerations for Creating a Budgeting Process

sgEngage

That includes both the budget and the process for creating it. In addition to reviewing and updating your nonprofit operating budget each year, your financial team should also regularly evaluate your process for creating that document. What Does a Nonprofit Budgeting Process Include?

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How to Minimize Risk Throughout Your Grant Cycle

sgEngage

To mitigate risk throughout your grant cycle, you need to know your grantees through relationships and documentation, support their internal controls, and set up a process for whistleblower complaints. Mitigate Risks by Knowing Your Grantees The more you know about your grantees, the better decisions you can make.

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Choosing an E-File Provider for Your Nonprofit Taxes

Achieve

Filing your taxes is one of the most important and most dreaded tasks for any nonprofit. After all, filing Form 990 correctly and on time is what helps your nonprofit keep its tax-exempt status — and helps you avoid paying unnecessary fees. . However, correctly filing your taxes is no simple task. Component filing.

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Is Your Remote Team Getting the TLC They Deserve? An Audit Delivers Answers

.orgSource

The entire team should have up-to-date hardware with sufficient processing power, a high-quality camera and speakers, and a reliable, fast internet connection. Review Policies and Procedures If you’ve been playing catch up since the pandemic, give a review of remote policies and procedures priority on your to-do list.

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How To Process Focus Group Feedback In A Way That Gives Your Nonprofit Actionable Insights

Bloomerang

Luckily, taking text from an audio file has never been easier. Here are just a few of the apps you can use to transcribe your files: Google Assistant . You’ll still need to go through and edit these transcripts after you receive the files. How to take text from scans and cell phone photos of documents. Transcribe.

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Preparing for Your School or Nonprofit Financial Audit: Identifying Risks and Establishing Strong Internal Controls

sgEngage

The annual financial audit is a great time to review your statements through a risk lens and search the corners of your financial statements for long-forgotten issues that could contaminate an entire balance sheet. As part of your regular discussion with your auditor, preferably at the start of your fiscal year, review your internal controls.

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Due Diligence Best Practices for Grantmakers

sgEngage

With grant-giving in the billions of dollars annually , grant disbursements warrant oversight and review. Here is a list of key information private foundations should, at a minimum, obtain when completing the due diligence process: Board List. One way to do this is to review the Board package from two to three recent Board meetings.