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Demystifying the Major Nonprofit Accounting Methods

Pamela Grow

However, the wide range of revenue sources and expenses your nonprofit may have can quickly complicate your data collection and analysis. To keep your financial data organized, you can use either of two primary tracking methods: cash accounting and accrual accounting. Essentially, it tracks cash flow in and out of your nonprofit.

Method 59
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How to Use a SWOT Analysis for Your Nonprofit

CauseVox

A SWOT analysis is a great tool to guide any team through this process. So be glad of your weaknesses now, they are the beginnings of your strength.” – Claire Weekes What is a SWOT Analysis and Why Do One? A SWOT analysis helps to identify opportunities for growth and impact, and anticipate and mitigate potential threats.

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Study the Data, But Eat the Cake—Put the Human Factor Forward

.orgSource

Machine Learning, predictive modeling, and natural language processing are a few of the ways AI makes data more meaningful. Predictive modeling reveals future outcomes and trends with greater accuracy than traditional methods, enabling proactive decision-making and change management.

Data 221
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Mastering Next Year’s Budget With Revenue Projections and Donor Attrition Analysis

Neon CRM

Understanding Revenue Projections When a nonprofit is putting together a budget for the coming year, an important step is to perform a revenue projections analysis that can inform the expected amount of income used for operational expenses and deepen mission impact. to project what your costs will be for the coming year.

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Methods for Facilitating Innovation in Nonprofits

Beth's Blog: How Nonprofits Can Use Social Media

The curriculum was based on their “ Innovating for People ” design methods recipe book and “ taxonomy for innovation.” These are methods for developing solutions (any type) in service of people. By applying this approach to program development or strategy, your nonprofit can get more impactful results.

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5 Methods for Avoiding Procrastination for Nonprofits

Beth's Blog: How Nonprofits Can Use Social Media

I found this wonderful comic on Mashable “ The Field Guide to Procrastination ” that identifies 12 different methods for work avoidance or procrastination, defined in Wikipedia as “ putting off tasks for a later date.” The method can be combined with these others and is very simple.

Method 127
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How to leverage business analytics insights with Association Management Software (AMS)

Nimble AMS

The analysis gives insight into your operations, helping you determine if your organization is on the right track or moving in the wrong direction. Through a variety of processing methods, analytical programs can help your association with describing information, diagnosing issues, predicting outcomes , and prescribing choices.

Analytics 135