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

sgEngage

Name a point of contact who sees the big picture. It will help you envision the ease of an optimized structure for your chart of accounts and the business rules that will be most beneficial. The most important document to have on hand is a trial balance report—with 36 months of history—from your legacy system.

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

sgEngage

With an accounting system designed to manage and track balances by fund and subfund across fiscal years and with supported documentation, you can minimize risk by making nonprofit compliance a streamlined process. You get more granular tracking for easier reporting without creating an unmanageably long chart of accounts.

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Supercharge Your Intern Program: 18 Proven Assignment Ideas Across Marketing, Data, & More

Whole Whale

Custom photo stock This is a fun excuse for an intern to run around the office and any physical sites to take good pictures of work in action. Update and benchmark the organization chart It’s amazing how quickly this can fall out of date. With the right oversight, interns can help categorize these files.

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Information: The Better Half of IT

sgEngage

As a Database Administrator, my world revolves around helping users make sense of the information they receive, from voice-of-the-customer anecdotes and impressions to polished Key Performance Indicator (KPI) graphs, charts, and dashboards. This will give you the full picture of how your organization handles data. That’s okay!

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10 Considerations for Creating a Budgeting Process

sgEngage

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. Documented Processes : Your annual budgeting process should be documented with tasks, responsibility assignments, and clearly stated deadlines.

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

sgEngage

To learn more about how to calculate and apply your indirect cost rate to your programs and services, check out our webinar with Dr. Colton Strawser, A Complete Picture: How to Calculate and Communicate Indirect Program Costs. Document any processes you don’t already have highlighted. Is your chart of accounts unmanageable?

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2023

sgEngage

Make sure your internal control documentation includes the naming conventions, so your audit team doesn’t have to slow down the process by asking what specific entries are. Document any processes you don’t already have highlighted. Review any documented processes to see if there were any updates over the past year.