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10 Considerations for Creating a Budgeting Process

sgEngage

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

sgEngage

The right fund accounting software can save you time and streamline your processes. Name a point of contact who sees the big picture. Assemble relevant accounts and data to highlight the processes you want to simplify and problems you want to solve with new software. Determine the non-financial metrics you want to track.

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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. And the more workarounds you have, the longer it takes to pull information together through manual processes.

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

sgEngage

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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8 Reasons to Add Nonprofit Fundraising Software to Your Team

Greater Giving

This week, Greater Giving surpassed over $8 billion in processed donations since 2002. That’s $8 billion given to nonprofits delivered by our state-of-the-art credit card processing system directly to nonprofits’ to help further their causes. Are you processing donations manually? Automatically process donations.

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Data as Decision in Grantmaking

sgEngage

Building knowledge is a social process where we make meaning together. Data is part of the tracking and monitoring innate to grantmaking and can be part of intentional organizational learning processes. However, datamaking has added power because it can beused to deepen strategic social processes of foundation-funded change.

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

sgEngage

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. 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.