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

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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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10 Considerations for Creating a Budgeting Process

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That includes both the budget and the process for creating it. 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. What Does a Nonprofit Budgeting Process Include? Make sure others can understand it.

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

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The right fund accounting software can save you time and streamline your processes. 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. Name a point of contact who sees the big picture. Think about the future.

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Association 4.0—A Playbook for Success

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Sig VanDamme, the Founder of NimbleUser, GoJectory, and VA2A, offered this advice to bring the board along on those speculative ventures: Preparing a board to manage risk is a sales process. Preparing a board to tolerate risk, is a sales process. Companies with between five and 250 employees are the target market for this system.

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

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Tip 2: Bring both your program and finance teams into the grant application and award process. 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. Document any processes you don’t already have highlighted.

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Nonprofit Finance Leaders: Don’t Miss These bbcon 2023 Sessions

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The bbcon 2023 agenda is full of great sessions for finance professionals serving nonprofits, schools, foundations, healthcare, and cultural organizations, from creating better systems to extending what you currently do with Blackbaud’s fund accounting software, Financial Edge NXT. Let the Machines Work so the People Can Think!

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

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With a little preparation and proactive communication, your remote audit can be a smooth process that helps you start the year understanding where you are. Tip 2: Prepare your fund accounting system for the audit. Tip 1: Carve out 30 minutes to review the dashboards and customized reports in your fund accounting system.