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Your Unrestricted Funds Need Stewardship, Too

sgEngage

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. They don’t come with any direction or reporting requirements.

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A Beginner’s Guide to Nonprofit Financial Reporting

Greater Giving

Reporting is a key aspect of nonprofit financial management. Besides promoting accountability at your organization, financial reporting is legally required according to government regulations for nonprofits. However, your reports can also provide insight into your organization’s financial situation. Let’s get started!

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

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From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. If a government regulation changed or community preferences shifted, would you have time to react? Tip 2: Review your scheduled reports.

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

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If all your Ts aren’t crossed and your Is aren’t dotted on your grant reporting, your chances of repeat funding from that entity are low. When your accounting system is not built to handle restricted funding , each report can feel like a fire drill. It’s not just the end-of-grant reporting that can cause problems.

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

Get Fully Funded

Not only is it a mess to get accurate financial reports, you can’t get the data you need for grants which can wipe out your chances of getting grant funding. The sole purpose of a Donor Management system is to track donors, track your communication with donors, and track donation information.

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

sgEngage

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. If a government regulation changed or community preferences shifted, would you have time to react? Tip 2: Review your scheduled reports.

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The Better FAFSA: What Colleges Need to Know Right Now

sgEngage

Until very r ecently , the federal government had not made changes to the FAFSA in more than 30 years and the process was overly complex, especially for first-generation students and those from lower-income backgrounds. What makes the Better FAFSA better?

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