article thumbnail

How To Avoid Nonprofit Accountant Turnover

The Charity CFO

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.

article thumbnail

The New Nonprofit Checklist: From Finances to Management

Get Fully Funded

Getting your programs off the ground, ensuring legal compliance, recruiting staff and volunteers, and correctly managing your nonprofit’s finances can be daunting. This checklist is a great starting point, and don’t be afraid to reach out to an expert like a nonprofit accountant for help or answers to any questions that arise.

Finance 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stuck in a Staffing Crisis? 3 Reasons Your Recruiting Might Not Be Working

The Charity CFO

But despite your job postings, you’re not recruiting as many candidates as you hoped. If this sounds like your organization, it might be time to analyze why your recruiting efforts aren’t paying off. Hiring new employees–and retaining your existing ones–is a challenge for nonprofits and for-profit businesses alike.

article thumbnail

3 Top Compliance Challenges for Nonprofits + Expert Advice

NonProfit Leadership Alliance

Whether you’re filing for tax-exempt recognition or recruiting volunteers for your next fundraiser, every phase of your nonprofit’s existence has guidelines that set boundaries for its operations. This IRS form is a run-down of your nonprofit’s finances and activities to ensure it fulfills its charitable purpose.

Finance 201
article thumbnail

How to Manage Payroll for Your Staff: A Nonprofit Guide

Top Nonprofits

Despite their tax-exempt status, nonprofits must still follow certain tax requirements when managing staff payroll, such as filing Form 990. According to Double the Donation’s nonprofit accounting guide , nonprofits must also issue Form 1099 to contract workers who are paid at least $600 for their services.

article thumbnail

5 Challenges Nonprofits Face in 2024

The Charity CFO

For instance, working with a nonprofit accountant, like The Charity CFO, can help you reduce your risk of financial non-compliance. Nonprofit Technology Integration and Data Security One of the best things you can do for your nonprofit is to start leveraging data. Need Help Facing Nonprofit Accounting Challenges?

article thumbnail

Three Secrets to Scaling a Nonprofit

The Charity CFO

For more nonprofit accounting resources check out www.thecharitycfo.com. And, um, mm-hmm, <affirmative>, uh, during my college years, I actually, uh, bought a business and I actually worked there, started managing at the owner, uh, owner of finance, me and I bought the business. Thanks for watching.