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Demystifying the Major Nonprofit Accounting Methods

Pamela Grow

To keep your financial data organized, you can use either of two primary tracking methods: cash accounting and accrual accounting. In this guide, we’ll discuss what each of these financial management systems looks like in practice, their respective benefits and drawbacks, and how to determine which method is right for your organization.

Method 59
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Use Walt Disney’s Three Chairs Method When Making Your Decisions for Your Nonprofit’s Future

Bloomerang

Dilts who distilled his method for us mere mortals, publishing his findings in his 1994 book: Strategies of Genius. The Three Chairs Method. I’ve found Walt’s method incredibly helpful at many pivotal decision processes. In Walt Disney’s office, there were always three chairs: The spoiler seat .

Method 124
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Your Guide to Credit Card Processing for Nonprofits

Neon CRM

While previous generations might have preferred to give via check, cash, or even over the phone, those older analogue giving methods are on their way out, especially as even well-established donors switch to supporting their favorite causes online. Offering these methods is important for catering to younger donors.

Process 52
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What Nonprofits Should Know About Process Automation

sgEngage

If you didn’t have to manually update giving records or click five buttons to move an approval forward only to click the same five buttons for the next one, you would be able to focus on more important projects, such as reaching out to donors, identifying community needs, and growing your mission. The average U.S.

Process 75
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Mastering Next Year’s Budget With Revenue Projections and Donor Attrition Analysis

Neon CRM

This is especially true when it comes to budget projections that will help inform the strategy of your organization in the coming year. to project what your costs will be for the coming year. At this stage of the process, just getting a baseline understanding of expected costs will suffice. The first step is creating a budget.

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2024 Online Fundraising Statistics for Nonprofits

Nonprofit Tech for Good

DonorDirect ] 48% of donors cite email as their preferred method of hearing updates and appeals from the organization. Fundraising Effectiveness Project ] Frequent, consistent communication with online donors results in a 41.5% Fundraising Effectiveness Project ] Frequent, consistent communication with online donors results in a 41.5%

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5 Methods for Avoiding Procrastination for Nonprofits

Beth's Blog: How Nonprofits Can Use Social Media

I found this wonderful comic on Mashable “ The Field Guide to Procrastination ” that identifies 12 different methods for work avoidance or procrastination, defined in Wikipedia as “ putting off tasks for a later date.” The method can be combined with these others and is very simple.

Method 127