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Don’t Jeopardize Your Nonprofit Compliance with a Commercial Accounting System?

sgEngage

When your accounting system is not built to handle restricted funding , each report can feel like a fire drill. If your organization receives at least some of its funding from grants, you need a fund accounting system with subfund accounting capabilities built to handle nonprofit accounting standards.

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5 Tips for Community Health Centers to Transition to New Fund Accounting Software

sgEngage

Working with a consultant (either your vendor’s or an external partner) will save time and money because the system will be set up for your organization’s exact needs. The point of contact works with the software vendor to align the new system to your organization’s vision for the future, preventing your organization from flying blind.

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Your Unrestricted Funds Need Stewardship, Too

sgEngage

Even though unrestricted funds don’t have mandates on how they should be spent, tracking and reporting on them is still important for both your donors and for your organization’s financial decision-making. Creating a culture of transparency starts with clear tracking by individual program, fund, or project.

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5 Ways Fund Accounting Simplifies Financial Reporting for Community Health Centers

sgEngage

Using technology to streamline even some processes can free up a tremendous amount of time, so you spend less time on manual reporting and tracking and more time analyzing and elevating actionable information that drives bottom-line financial impact. Let the system do the work so you can make more impact.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

sgEngage

Instead of just asking for information, make sure everyone is aware of why you are applying for a grant, what the budget restraints are, and the process for tracking spend. Tip 1: Carve out 30 minutes to review the dashboards and customized reports in your fund accounting system. Do they give you the information you need?

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Beyond the Audit: 6 Best Practices to Build and Strengthen Your Relationship with Your Audit Firm

sgEngage

Audit firms have now, however, transitioned to long-term partners, particularly for nonprofits contemplating transformative system or operational changes. Nonprofits would sometimes modify or overhaul their systems and controls without engaging their auditors.

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Crafting a Winning Fundraising Plan for Your Next Charity Event

Greater Giving

This blog post outlines the key elements for creating a successful fundraising plan for your next charity event, empowering you to maximize your impact. ” Charting the Course: Tactics and Strategies Tactics Identify engaging fundraising tactics aligned with your mission and goals. But where do you begin?

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