Get Fully Funded

JANUARY 16, 2024

Now that your new nonprofit is up and running, developing a solid foundation for financial management should be a top priority. 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.

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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? Fixing the “Do-It-All Nonprofit CFO” Model.

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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.

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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.

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NonProfit PRO

MAY 23, 2023

Evaluating accounting software? 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. This guide has you covered.

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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. The truth is, many nonprofits tend to fumble when it comes to their books. . Sound financial management helps avoid jeopardizing tax-exempt status and the success of your operation. .

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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.

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The Charity CFO

MARCH 23, 2023

Nonprofit accounting financial statements may seem like a chore. Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future. You may think that nonprofit financial statements are the same as those at for-profit companies, but this is not the case.

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Get Fully Funded

OCTOBER 26, 2022

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.

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Top Nonprofits

FEBRUARY 23, 2024

In this guide, we’ll explore how to manage payroll for your staff. The first step to effectively manage staff payroll is to gain a holistic understanding of your employees’ efforts and compensation. This data is crucial to effective financial management and nonprofit compliance, especially for annual filings such as Form 990.

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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. The post Theresa Guest Joins The Charity CFO as Accounting Manager appeared first on The Charity CFO.

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Fundraising Coach

OCTOBER 25, 2023

Resources like the Google Ad Grant offer additional ways to boost your nonprofit’s online presence, but each marketing tool you add to your strategy requires time and energy. Professional grant management allows your nonprofit to unlock the power of the Google Ad Grant while saving your team’s time for other marketing endeavors.

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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. Policies for Good Financial Management. Accountability for everyone involved.

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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.

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NonProfit PRO

OCTOBER 12, 2023

In support of our customers, the team at Amazon Web Services (AWS) for Nonprofits is dedicated to helping nonprofits innovate to meet those expectations. Meet your AWS for Nonprofits account manager today, and get constituent obsessed!

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Top Nonprofits

FEBRUARY 13, 2024

Nonprofits are typically composed of hardworking professionals who wear many hats. While each staff member may have a specific title like “fundraising director” or “project manager,” they often take on a wider range of responsibilities. No matter which option you choose, make sure your accountant specializes in nonprofit work.

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NonProfit PRO

NOVEMBER 13, 2023

In support of our customers, the team at Amazon Web Services (AWS) for Nonprofits is dedicated to helping nonprofits innovate to meet those expectations. Meet your AWS for Nonprofits account manager today, and get constituent obsessed!

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The Charity CFO

APRIL 22, 2024

Offering wellness programs, family-friendly policies, or other mental health benefits for employees gives them the resources they need to proactively manage stress and stop burnout. You can also improve your resource management based on historical spending and revenue. Consider financial management as an example.

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The Charity CFO

MARCH 27, 2024

QuickBooks is a popular accounting software used by businesses and individuals nationwide. As a nonprofit leader, you’ve probably heard of QuickBooks or may have even used it before. And you might be wondering if you can use QuickBooks for your nonprofit accounting.

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The Charity CFO

APRIL 18, 2024

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?

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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.

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The Charity CFO

APRIL 25, 2024

To learn more about how The Charity CFO can use technology to streamline nonprofit accounting, you can set up a consultation here. The Goal in Your Nonprofit Accounting Software Before stepping into the details of how these organizations’ accounting is set up, let’s start at the foundation level.

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Nonprofit Marketing Blog

FEBRUARY 24, 2013

If you feel the need to strengthen your financial management savvy, check out StrongNonprofits.org , a new website featuring free tools, how-tos and guides. Features range from a nonprofit accounting guide, to an article on sensible growth strategies, to a podcast on how to understand the true costs of programming.

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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.

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The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? That’s really all that accounting is, so don’t let the terminology intimidate you. .

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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. As a leader, you’ll have to determine what is right for your nonprofit.

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The Charity CFO

JANUARY 12, 2024

Financial forecasts can then be used by nonprofit organizations for: Budgeting Strategic planning Fundraising Grant applications Even cash flow management While not always 100% accurate (especially in the unpredictable realm of nonprofits), a financial forecast can be extremely useful when it comes to informing decision-making and mitigating risks.

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The Charity CFO

APRIL 19, 2022

In our experience, nonprofits with little in reserve and/or low cash balances tend to have financial management challenges, often including: Poor collection of accounts or pledges receivable. For this reason, your “Days in Cash” metric is more helpful for managing the day-to-day business of a nonprofit.

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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. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. .

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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.

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The Charity CFO

APRIL 15, 2022

Triná Owens is a former nonprofit financial director who left her job to become an Accounting Manager at The Charity CFO. In this episode, she and Tosha tell you the top reasons that your accountants don’t stick around. In this episode, you’ll discover: The top 3 reasons nonprofit accountants walk out the door.

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Top Nonprofits

JUNE 29, 2023

There are also other types of audits your nonprofit might conduct, such as compliance, systems, or HR audits. However, financial audits tend to be popular because the way you manage funds determines whether your organization can effectively fulfill its mission. Improving your risk management strategy.

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The Charity CFO

SEPTEMBER 28, 2022

If you manage a nonprofit, you know very well that every day there are a million and one things to be done. But it’s often seen as “busywork,” it rarely makes the priority list, and under-staffed nonprofit teams often fall behind. No amount of nonprofit bookkeeping tips can do that.

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NonProfit Hub

SEPTEMBER 16, 2021

Even if you’ve worked in the nonprofit sector for decades, a refresher on the basics can be helpful. Leading a charity presents unique challenges like managing the roles of marketing and fundraising, building a brand, and growing in a way that aligns with your mission. Let’s get started: Nonprofit Accounting Essentials Course.

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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!

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The Charity CFO

MAY 31, 2022

Yet all nonprofit leaders, including board members, directors, and finance committee members, should have at least a basic understanding of nonprofit finances. But if you bring zero experience in accounting or financial management to your organization, that’s okay. So lean on them, ask questions, and be inquisitive. .

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Top Nonprofits

AUGUST 22, 2022

Nonprofit accounting is unique when compared to for-profit accounting. This is primarily because nonprofits agree to reinvest all of their revenue back into the mission at hand in exchange for tax-exempt status. Generally, they’re segregated into four categories: Financial managers or leadership.

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