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

sgEngage

Assemble relevant accounts and data to highlight the processes you want to simplify and problems you want to solve with new software. 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. Determine the non-financial metrics you want to track.

Fund 90
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Your Unrestricted Funds Need Stewardship, Too

sgEngage

Even though unrestricted funds don’t have mandates on how they should be spent, tracking and reporting on them is still important for both your donors and for your organization’s financial decision-making. Creating a culture of transparency starts with clear tracking by individual program, fund, or project.

Fund 90
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Workplace Giving Data Problems Just Got Worse

3rd Sector Labs

This has been a problem for a long time. It used to be a United Way problem. But that hasn’t solved any problems. The problem is only getting worse. Too many sources of donor data to keep track of. The problem is that everything related to corporate giving programs and workplace giving data has changed.

Problem 100
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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. It’s not just the end-of-grant reporting that can cause problems.

System 72
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

sgEngage

It gives your nonprofit breathing room when a problem or a new opportunity arises. If you are not prepared for the requirements, a government grant can create more problems than they solve. And yet, tracking and managing restricted funding and grants is not something for-profit businesses have to do.

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

Get Fully Funded

The problem is that if you’re like most, you haven’t paid a lot of attention to your accounting system. Starting or fixing your accounting system BEFORE you have a problem is just smart planning. Because believe me, without a good nonprofit accounting system in place, you WILL run into problems later. I promise you will.

System 98
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Integration: The Ultimate Solution for Nonprofit Data Silos

sgEngage

Data silos are a common problem across all industries and can cause serious pain points, especially as data volume increases. Restricted research: Inconsistent data restricts healthcare teams’ ability to perform meaningful research and problem-solve. Data silos cause problems throughout the nonprofit sector. Enhanced security.