The Charity CFO

SEPTEMBER 2, 2022

Not surprisingly, this above-average employee turnover impacted nearly every industry, but it has hit nonprofits and financial professionals particularly hard. . However, nonprofit accountant turnover is not a new problem in the sector. Why Do Nonprofit Accountants Quit? Inflexible or antiquated accounting systems.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofit Administration and Development Finance Nonprofits 98

The Charity CFO

AUGUST 15, 2023

Myths of Nonprofit Accounting and Why They Matter to Job Seekers Unfortunately, many job seekers fall victim to the stereotypes and believe the myths surrounding nonprofit accounting. In this section, we will debunk the three most common nonprofit accounting myths. However, most of it is actually the same.

Nonprofit Accountability 52

Nonprofit Accountability Nonprofit governance and management Non-Profits Public and Nonprofit Management 52

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. You need to get a better grasp of your organization’s finances now. with this overview of nonprofit accounting basics. . What is nonprofit accounting? It’s a necessity.

Nonprofit Accountability 98

Nonprofit Accountability Non-Profits Nonprofit governance and management Public and Nonprofit Management 98

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. What is the actual goal in a nonprofit accounting setup?

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofit Administration and Development Nonprofits 52

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Nonprofit organizations exist to further a mission or goal. Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact.

Nonprofit Accountability 52

Nonprofit Accountability Public and Nonprofit Management Finance Nonprofit governance and management 52

The Charity CFO

MAY 22, 2024

Choosing KPIs for your nonprofit doesn’t have to be complicated. Keep reading to learn more about some of the most common KPIs for nonprofit organizations and why you might want to use them. Financial Nonprofit KPIs Financial KPIs focus on how your organization earns and uses money. Get the free guide!

Nonprofit Organizations 52

Nonprofit Organizations Nonprofit Organizations Nonprofit Administration and Development Retention 52

Bloomerang

FEBRUARY 16, 2024

Financial management is possibly the most important aspect of your nonprofit’s operation. The services and programs your organization delivers are vital, but improper or ineffective fund management is a disservice to your donors and the people and cause you serve.

Management 97

Management Finance Nonprofits Health 97

Get Fully Funded

OCTOBER 26, 2022

Start earning revenue for the organization. Take steps to incorporate your nonprofit. Organize your resources. When starting your new organization, you’re bound to run into some challenges. Define your nonprofit’s mission clearly. Start earning revenue for the organization. Event management software.

Finance 98

Finance Management Public and Nonprofit Management Nonprofits 98

The Charity CFO

APRIL 15, 2022

And they’re tired of the hamster wheel of hiring, re-hiring, training, and re-training bookkeepers and accountants. So why do accountants leave nonprofit organizations? And what can nonprofits do to create consistency and predictability in the financial side of their operations? A Modern Nonprofit Podcast.

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Public and Nonprofit Management 52

Nonprofit Fixer

NOVEMBER 20, 2024

When you’re busy leading a nonprofit—developing program strategies, cultivating donors, supporting staff—thinking about accounting and finance can feel like an afterthought. But to be successful, nonprofit leaders need a functional grasp of the basics of nonprofit accounting and financial management.

Finance 52

Finance Nonprofit governance and management Public and Nonprofit Management Nonprofit Accountability 52

The Charity CFO

JANUARY 5, 2023

Many nonprofit organizations tend to let their financial management slip on the backburner as they get busy fulfilling their mission. Sure, your mission should be a priority, but managing finances can’t be neglected either. So, how can you guarantee that your organization is not exposed to any of these risks?

Management 52

Management Nonprofit governance and management Nonprofit Administration and Development Finance 52

Nonprofit Megaphone

MARCH 7, 2024

Running a successful nonprofit organization requires accomplishing a long list of goals. From delivering services to fundraising, cultivating partnerships and collaborations, developing marketing and communication strategies, managing finances, and so much more. Nonprofits have a lot to deal with, and limited resources.

Management 52

Management Advertising Marketing Marketing 52

The Charity CFO

JULY 19, 2024

Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. A bookkeeper is a financial professional responsible for recording and managing a nonprofit’s daily financial transitions. What is a Bookkeeper?

Public and Nonprofit Management 52

Public and Nonprofit Management Finance Nonprofit Accountability Education 52

The Charity CFO

MAY 22, 2024

What do many successful nonprofits have in common? Good financial management. In nonprofits, managing your finances effectively is essential to running a sustainable organization. Not only does good financial management help keep your organization running, but it also helps bolster trust in your nonprofit.

Public and Nonprofit Management 52

Public and Nonprofit Management Finance Nonprofit Accountability Nonprofits 52

The Charity CFO

MAY 31, 2024

Let’s take a closer look at the importance of efficient bookkeeping for nonprofits, common challenges, and how you can use technology to improve the accuracy and efficiency of your accounting system. There are almost endless tools and configurations you could use to run your accounting system, so how do you choose?

Technology 52

Technology Nonprofit Accountability Finance Nonprofits 52

The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? Nonprofit organizations play a crucial role in addressing social, environmental, and cultural issues in our society. Grant Accounting Many nonprofit organizations rely on grants to fund their programs and services.

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Management 52

The NonProfit Times

NOVEMBER 14, 2024

By Alyssa Simard, CPA The success and integrity of nonprofit organizations hinge on the ability to steward financial resources effectively. It is paramount for nonprofit financial leaders to adopt a thorough approach to categorizing and reporting expenses and why it is a cornerstone of fiscal responsibility.

Public and Nonprofit Management 52

Public and Nonprofit Management Nonprofit Administration and Development Insurance Management 52

The Charity CFO

APRIL 22, 2024

The impact of this goes beyond individual well-being and can affect your organization’s effectiveness and ability to advance your mission. Keep reading to learn how burnout can happen and get tips for implementing a burnout prevention strategy for your organization. Consider financial management as an example.

Public and Nonprofit Management 52

Public and Nonprofit Management Nonprofit Administration and Development Public and Social Policy Culture 52

The Charity CFO

OCTOBER 9, 2023

Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road. Those responsible for creating accounting systems might not be aware of industry best practices or make small but significant mistakes that can go unnoticed for months or years.

Nonprofit Accountability 59

Nonprofit Accountability Finance Activism Management 59

The Charity CFO

JULY 12, 2024

The reality is somewhere in the middle, but the organization may be tempted to under budget for the first quarter and over budget for the second. Benefits of Accrual-Basis Accounting for Nonprofits Switching to accrual-based accounting can have a lot of benefits for nonprofit organizations.

Health 52

Health Nonprofit Accountability Finance Nonprofits 52

The Charity CFO

MARCH 27, 2024

And you might be wondering if you can use QuickBooks for your nonprofit accounting. The answer is yes, QuickBooks Online can be configured for nonprofit use. Let’s dive into the benefits of using QuickBooks Online for your nonprofit and explore how to get the most out of the program.

Public and Nonprofit Management 40

Public and Nonprofit Management Nonprofit governance and management Nonprofit Accountability Nonprofits 40

The Charity CFO

MAY 11, 2023

Bookkeeping is a critical component of running a successful nonprofit organization. It involves the management of financial transactions and the maintenance of accurate records to ensure that your organization remains financially healthy and compliant with the law.

Nonprofit Accountability 52

Nonprofit Accountability Nonprofits Finance Law 52

The Charity CFO

JANUARY 12, 2024

Specifically, a financial forecast , sometimes called a projection, is an estimation of an organization’s projected financial conditions based on past and current finances. Key Components of Financial Forecasts So, what are some of the key components of a financial forecast for a nonprofit organization?

Finance 52

Finance Nonprofits Nonprofit Accountability Management 52

The Charity CFO

APRIL 18, 2024

Having a dedicated team working on regulatory issues reduces the chances of you missing something as you focus on other parts of your organization. You may also want to reach out to professionals who can help guide your organization. Many nonprofits rely on donations as a significant portion of their revenue.

Non-Profits 52

Non-Profits Nonprofit Accountability Nonprofits Retention 52

The Charity CFO

JUNE 27, 2024

Leading a nonprofit organization isn’t just about passion–it’s about effective leadership. Nonprofit executive directors play an irreplaceable role in steering their organizations toward success. This guide will explore key strategies and insights to help you excel as a nonprofit executive director.

Public and Nonprofit Management 52

Public and Nonprofit Management Leadership Nonprofits Finance 52

The Charity CFO

SEPTEMBER 23, 2024

Your nonprofit organization relies on the knowledge and guidance of its leadership team to advance its mission. A strong leadership team makes it easy for your organization to reach its goals by effectively using resources and managing strategy. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit Leadership 52

Nonprofit Leadership Leadership Non-Profits Recruitment 52

The Charity CFO

APRIL 19, 2022

Or want to check out a nonprofit before you make a significant financial gift? Every nonprofit organization has swings in cash balances throughout the year. For this reason, your “Days in Cash” metric is more helpful for managing the day-to-day business of a nonprofit. Sometimes they follow seasonal trends.

Nonprofit governance and management 98

Nonprofit governance and management Public and Nonprofit Management Finance Nonprofit Accountability 98

Nonprofit Marketing Insights by GlobalOwls

JUNE 10, 2024

FAQ What Is a Nonprofit Team? A nonprofit team is a group of individuals working together within a nonprofit organization to achieve its mission and goals. What Roles Are Common in a Nonprofit Team? How Does a Nonprofit Team Differ from a For-Profit Team? What Skills Are Important for Nonprofit Team Members?

Non-Profits 122

Non-Profits Social Enterprise Social Enterprise Nonprofit governance and management 122

The Charity CFO

MARCH 29, 2024

Do you know the financial health of your nonprofit organization? Knowing where your finances stand is essential to effective nonprofit management. One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance.

Finance 52

Finance Nonprofits Health Nonprofit Accountability 52

Non Profit Accounting Academy

AUGUST 21, 2024

29 CFR § 541.100 Duties of an administrative employee Performs office or nonmanual work directly related to the management or general business operations of the employer or the employer’s customers Exercises discretion and independent judgment with respect to matters of significance Both elements must be present, except for HCEs.

Nonprofit Accountability 52

Nonprofit Accountability Management Nonprofit Organizations Nonprofit Organizations 52

The Charity CFO

JUNE 7, 2023

The categorization of uses may vary depending on the specific context and goals of your nonprofit organization. Statement of Activities Financial Uses Assessing Revenue Sources : Analyze the various revenue sources of a nonprofit, such as donations, grants, program fees, and investment income. accounts payable, loans).

Nonprofit governance and management 52

Nonprofit governance and management Finance Activism Nonprofits 52

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. Sure, you’ll find overlap between the two roles In many small organizations. Manage payroll .

Public and Nonprofit Management 98

Public and Nonprofit Management Nonprofits Nonprofit Accountability Management 98

Get Fully Funded

FEBRUARY 23, 2021

Getting started: The nonprofit tools you need to set up shop and grow your organization TechSoup is a global nonprofit organization that offers discounts and technology solutions as well as IT consulting and courses to nonprofits. Joining TechSoup should be the first technology task for your new nonprofit.

Nonprofits 105

Nonprofits Management Nonprofit Administration and Development Production 105

NonProfit Hub

SEPTEMBER 16, 2021

However you learn best, there is a track available through Nonprofit Hub to get you the knowledge and expertise you need to grow your nonprofit mission. Square One: Taking an Idea from Concept to 501c3 Organization. Starting a nonprofit organization can be overwhelming. The Basics of Organization Development.

Nonprofits 81

Nonprofits Nonprofit Accountability Management Leadership 81

NonProfit Hub

JUNE 29, 2021

This blog will be a great place to start, but if you find yourself praying no one asks you questions about the financials in your next board meeting, you may want to check out our Nonprofit Accounting Essentials course in partnership with The Charity CFO. . I signed on to further a cause, not to be the accountant!

Nonprofit Accountability 77

Nonprofit Accountability Nonprofits Finance Governance 77

The Charity CFO

AUGUST 27, 2024

Unsure of which KPIs you should be tracking for your nonprofit? This article highlights five essential financial KPIs every nonprofit should monitor to ensure they’re effectively managing resources, staying accountable to stakeholders, and driving their mission forward.

Health 52

Health Nonprofits Finance Nonprofit Accountability 52

Nonprofit Tech for Good

SEPTEMBER 6, 2018

By Richard Chiriboga , a web project manager and front-end developer and founder of CorrienteLatina.com. In short, GitHub for Good is a free GitHub account. If your organization does not fall within their guidelines, you can find a plan that works for you. Nonprofits and Nonprofit Technology Companies Using GitHub.

Nonprofit Accountability 81

Nonprofit Accountability Technology Nonprofits Management 81