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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

Ensuring compliance and accuracy in your financial reporting involves several key actions: Regularly review the latest guidelines and summaries provided by authoritative bodies on revenue recognition of grants and contracts. How to Avoid: Organizations should consider adopting the Unified Chart of Accounts for Nonprofits (UCOA).

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A crash course on trends analysis using Candid’s Foundation 1000 data set 

Candid

In comparison, our Foundation 1000 data set is limited to grants of $10,000 or more awarded by a set of 1,000 of the largest U.S. foundations in a given year (see chart below). In comparison, our Foundation 1000 data set is limited to grants of $10,000 or more awarded by a set of 1,000 of the largest U.S. Pledges are excluded.

Analysis 116
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How to Set Up Your Nonprofit Accounting System RIGHT So it Helps You Grow

Get Fully Funded

When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. Plus, they have no process for handing expense reimbursements or reconciling bank statements. A simple report with a pie chart can easily show you that.

System 98
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Mastering The Art Of Idea Generation And Sharing

Bloomerang

Ground Rules “It is easier to tone down a wild idea than to think up a new one.” — Alex Osborn, How to Think Up , 1942 seminal book on concept off brainstorming The process of getting a group to generate and build on others’ ideas depends on how you facilitate openness in the group. Even using charts and graphs can help a lot.

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Seven Ways to Improve Engagement With Your Nonprofit Financial Reports

BoardAssist

A dimensional chart of accounts structure creates a separate field in your database for each bit of expense information rather than cramming all the information into one account code field. Dimensions also enable your accounting software to run faster by streamlining the chart of accounts. Provide a basis for comparison.

Report 40
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Nonprofit Web Design Process Part 2a: Analytics Data as User Research

Connection Cafe

Note: This is the second in a series of posts about the Nonprofit Web Design Process. This post is about how we incorporate Google Analytics data into our Design Process. see the Traffic Sources pie chart on the right for an example of this data). If we set up Goals, reviewing them post-launch is another great success metric.

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Top Lessons from GivingTuesday 2023

Neon CRM

Where appropriate, we’ll also draw out some conclusions and comparisons to help contextualize where and how GivingTuesday can fit into your nonprofit’s overall strategy. CST represents pre-scheduled donations that were processed at that time. Here’s a visualization of transaction volumes on GivingTuesday 2023—that 3:00 a.m.

Lesson 52