The Charity CFO

APRIL 2, 2024

Managing a nonprofit can be complex, especially when it comes to nonprofit accounting. Finding the right accounting partner for your nonprofit is essential to the financial success of your nonprofit organization. That’s why you need a strong accounting partner who specializes in nonprofits.

Nonprofit Accountability 52

Nonprofit Accountability Finance Technology Nonprofits 52

Stanford Social Innovation Review

APRIL 18, 2024

By Sonya Childress , Sahar Driver , Aldita Amaru Gallardo , Jennie Goldfarb , Allistair Mallilin , Lindley Mease , alicia sanchez gill & angela vo Leaders of several intermediary organizations share how they envision their role within—and how they ultimately hope to upend—the philanthropic landscape.

Philanthropy 137

Philanthropy 137

Blue Avocado

FEBRUARY 6, 2024

In fact, one of my two biggest challenges as nonprofit CEO involved convincing boards that their service demanded accountability. 1 Throughout my time working with nonprofit boards, I’ve found that dysfunction often starts with lack of accountability in terms of recruiting and onboarding of new members.

Nonprofit governance and management 96

Nonprofit governance and management Governance Leadership Finance 96

NonProfit PRO

SEPTEMBER 7, 2023

The best accounting eBook for your team is here! Download this comprehensive resource for the latest best practices for budgeting, closing books, audits, managing payroll, compliance, and much more.

Nonprofit Accountability 89

Nonprofit Accountability Nonprofits Management 89

The Charity CFO

MARCH 6, 2024

The conversation today has a very simple focus, 5 red flags that your nonprofit accounting needs improvement, even when it may not be recognized. Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. The accountant must post all transactions that filter through the bank account.

Nonprofit Accountability 59

Nonprofit Accountability Nonprofits Finance Communication 59

The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? In today’s digital age, technology has revolutionized almost every aspect of business operations, including accounting and finance. For-profit companies have long used accounting software to track their financial transactions and monitor their bottom lines.

Nonprofit Accountability 98

Nonprofit Accountability Finance Technology Nonprofits 98

The Charity CFO

SEPTEMBER 2, 2022

However, nonprofit accountant turnover is not a new problem in the sector. In this article, we’ll talk about “accountants” because the financial roles in nonprofit organizations are notoriously vague. Why Do Nonprofit Accountants Quit? Inflexible or antiquated accounting systems. Limited growth opportunities.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofit Administration and Development Finance Nonprofits 98

iMarketSmart

APRIL 24, 2024

Accountability is good – even for major gift officers. But here’s the rub when it comes to fundraising metrics – it matters very much which accountability metrics you use. One study looked at 24 different accountability metrics used by 210 large charities. Think about that – more accountability caused worse performance!

Fundraising 52

Fundraising Fundraising Energy Recruitment 52

NonProfit PRO

MAY 5, 2023

This buyer’s guide explores key nonprofit accounting software features and highlights ways to consolidate your tech stack, increase efficiency, and account for the intricacies of nonprofit organizations. Don’t let inefficient software slow your organization down.

Nonprofit Accountability 92

Nonprofit Accountability Nonprofits Nonprofit Organizations Nonprofit Organizations 92

The Charity CFO

JANUARY 21, 2022

And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face. This accounting system is called fund accounting. This accounting system is called fund accounting. Who’s Required to Use Fund Accounting? .

Nonprofit governance and management 98

Nonprofit governance and management Public and Nonprofit Management Nonprofits Finance 98

NonProfit PRO

OCTOBER 18, 2023

Download this fund accounting software guide to understand key core functionality; like GL, budgeting, fund tracking, grant administration, AP, AR, reporting, etc., Use it as an explainer for navigating the features, implementation process, and ways to get the most out of fund accounting software long-term.

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The Charity CFO

OCTOBER 19, 2022

For more nonprofit accounting resources check out www.thecharitycfo.com. Looking for a new accountant? Are You Ready To Outsource Your Accounting? The post The 5 BIG Myths of Nonprofit Accounting appeared first on The Charity CFO. Here’s a preview on YouTube: ??. Get the free guide!

Nonprofit Accountability 95

Nonprofit Accountability Finance Nonprofits 95

NonProfit PRO

MAY 23, 2023

Evaluating accounting software? This guide has you covered. Download this buyer’s guide for important core functionality and features to look for to manage finances effectively, how to navigate the process, frequently asked questions, and ways to ensure your team gets the most out of the software long-term.

Nonprofit Accountability 90

Nonprofit Accountability Finance Management Nonprofits 90

Get Fully Funded

JANUARY 16, 2024

The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission. These professionals have the expertise necessary to set up your accounting system and work with you on nearly any aspect of financial management.

Nonprofit Accountability 52

Nonprofit Accountability Nonprofit governance and management Nonprofit Administration and Development Finance 52

The Charity CFO

MARCH 1, 2022

Today we enthusiastically announce the promotion of Emily Waltemate to the role of Senior Accountant. Since joining our team as an Accounting Associate, Emily has consistently shown passion and aptitude for helping our nonprofit clients with their accounting needs. Don't hire the wrong accountant for your nonprofit!

Law 105

Law Associations Nonprofits 105

NonProfit PRO

APRIL 25, 2022

But, while I didn’t like it, I began to appreciate it because having people in my life to hold me accountable has made me successful at my work. For years, I really didn’t like it when someone would follow up and ask me, “Hey, did you do that thing you said you were gonna do?”

Fundraising 105

Fundraising Fundraising 105

Nonprofit Tech for Good

FEBRUARY 6, 2022

Although the most popular accounting software products- like QuickBooks and SAP- handle the needs of businesses in many industries, nonprofits have a unique business model and accounting standards and require different features and functionality from accounting software. How is Accounting Different for Nonprofits?

Nonprofit governance and management 123

Nonprofit governance and management Public and Nonprofit Management Non-Profits Nonprofits 123

Get Fully Funded

JUNE 5, 2023

When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. The problem is that if you’re like most, you haven’t paid a lot of attention to your accounting system. FACT: Donor Management is NOT the same as Accounting.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofit governance and management Finance Management 98

The Charity CFO

OCTOBER 9, 2023

However, that’s not the case with an organization’s accounting systems. Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road. It’s vital to get these right from the beginning or risk serious consequences in the future.

Nonprofit Accountability 59

Nonprofit Accountability Finance Activism Management 59

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. Ready to dive deep into this exciting realm?

Nonprofit Accountability 52

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

The Charity CFO

JULY 28, 2022

Updated standards on accounting for nonprofit leases ( ASC 842 ) go into effect this year for most organizations–and next year for the few remaining exceptions. We’ll tell you all you need to know about complying with these new rules when accounting for leases of all types. What is ASC 842 for nonprofit lease accounting?

Finance 98

Finance Nonprofits Nonprofit Accountability Activism 98

The Charity CFO

MAY 10, 2022

If your nonprofit uses donations of supplies, services, and even time to help fund your operations, you need to know about recent changes in accounting standards for in kind donations. The changes impact the presentation of your data, so you may not need to change the process for how you track or account for in kind contributions internally.

Non-Profits 98

Non-Profits Food Activism Finance 98

Nonprofit Leadership Podcast

FEBRUARY 5, 2024

One area that impacts our ability to make the right decisions is accounting. As nonprofit leaders, we aim to run organizations that thrive, especially in a tough economic climate. In order to thrive, we have to be able to make the right decisions.

Nonprofits 59

Nonprofits Management Nonprofit Leadership Leadership 59

The Charity CFO

JANUARY 13, 2022

But accounting for in-kind donations presents its own unique challenges. In this article, we’ll dig into how to account for in-kind donations on your nonprofit’s books. Why accounting for in-kind donations matters. Accounting for in-kind donations isn’t just important; it’s required for many nonprofit organizations. .

Values 98

Values Nonprofits Non-Profits Nonprofit Accountability 98

Donorbox Nonprofit

JUNE 15, 2023

A Chart of Accounts isn’t one of the four required financial statements for nonprofits, although it is equally important. This article will provide you with the four essential elements and three tips to help you get started right […] The post The Beginner’s Guide to Nonprofit Chart of Accounts appeared first on Nonprofit Blog.

Health 69

Health Nonprofits 69

The Charity CFO

MARCH 16, 2022

Today we’re proud to announce another amazing addition to the industry’s best nonprofit accounting team! Theresa Guest is joining The Charity CFO team in the role of Accounting Manager. Don't hire the wrong accountant for your nonprofit! Get the free guide!

Management 98

Management Nonprofit Administration and Development Nonprofit governance and management Healthcare 98

The Charity CFO

DECEMBER 8, 2022

But in order to get the most out of these grants, you need to understand how to properly manage and account for them. The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. 8 Best Practices When Accounting For Grants.

Nonprofit governance and management 52

Nonprofit governance and management Law Charitable Contribution Nonprofit Accountability 52

NonProfit PRO

JANUARY 19, 2023

Download this comprehensive accounting eBook for the latest best practices for budgeting, closing books, audits, managing payroll, compliance, and much more. Set your team up for success!

Management 83

Management 83

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. Benefits of Nonprofit Accounting Services. Nonprofit organizations exist to further a mission or goal.

Nonprofit Accountability 52

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

NonProfit PRO

OCTOBER 6, 2022

Ensure your accounting and reporting aligns with important compliance rules now and in 2023. Watch this on-demand webinar featuring a panel of experts covering nonprofit compliance essentials.

Nonprofits 93

Nonprofits 93

NonProfit PRO

DECEMBER 2, 2022

Getting end of year accounting right is crucial. This video discusses best practices for year-end, including 10 steps for pre-year-end planning and year-end audit prep, YTD review, financial reporting to stakeholders, and tax prep, including a 2023 filing schedule.

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Elevation

AUGUST 8, 2022

The last thing we need you to do is follow the instructions in this video for creating and providing us access to a Gmail account.

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Donorbox Nonprofit

MAY 30, 2023

Accounting software for churches is vastly important when you consider that American congregations alone receive $74.5 Accounting software can not only make your bookkeeping more efficient – it can also help you […] The post Top 10 Church Accounting Software [+Tips to Choose] appeared first on Nonprofit Blog.

Nonprofits 52

Nonprofits Fundraising Fundraising 52

NonProfit Quarterly

MAY 18, 2023

These lawsuits are being used as a new form of accountability as they challenge policies, carbon targets and call out polluting industries ’ practices of spreading misinformation and delaying emissions reduction. Roughly 800 such lawsuits were filed between 1986 and 2014—a period of nearly 30 years.

Governance 93

Governance Law Culture Environmental 93

The Charity CFO

MARCH 9, 2023

The accounting industry currently and historically does have a diversity problem. According to the most recent AICPA Trends Report (2021) , 41% of accounting graduates are nonwhite while only 23% of professional staff identify as nonwhite. Encourage mentorship and engagement of young accountants and CPAs of all backgrounds.

Collaborations 52

Collaborations Leadership Finance Culture 52

NonProfit PRO

APRIL 5, 2023

MIP Fund Accounting (MIP), a nonprofit cloud-based, SaaS fund accounting software offering from Community Brands, recently released findings of its research study, 2023 Trends and Insights into the State of Nonprofits, Schools, and Local Government.

Governance 85

Governance Education Education Nonprofits 85

Nonprofit Marketing Insights by GlobalOwls

SEPTEMBER 28, 2023

From Crunching Numbers to Building Futures: The Role of Accounting in Startups Where innovation and ambition collide, success is often measured in growth, scalability, and impact. However, amid the hustle and bustle of entrepreneurial endeavors, a silent hero works diligently in the background: accounting. Chapters 1.

Healthcare 52

Healthcare Insurance Medical Management 52