The Charity CFO

NOVEMBER 8, 2023

But it’s often not the case at many charities and nonprofits, which can gauge an employee’s value by their impact, not just their hours spent in the office. For the former, tracking time on the job can be helpful to ensure enough people are contributing and preventing overworked employees.

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Nonprofit Data Analysis Compliance Budgeting 52

The Charity CFO

FEBRUARY 16, 2023

Nonprofit budgeting best practices are often the difference between success and failure for the organization. Budgeting is a crucial element of understanding the financial health of your organization. While nonprofit budgeting can seem daunting and complex, it doesn’t have to be.

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Nonprofit Budgeting CFO Leadership 52

The Charity CFO

AUGUST 15, 2023

The nonprofit sector is full of rewarding and impactful careers because it plays a crucial role in addressing various social, environmental, and humanitarian challenges. 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 Accounting Profit and Loss Budgeting 52

The Charity CFO

MAY 19, 2023

Cash management for a nonprofit organization is possibly the most important consideration for success. In a previous article, we discussed the benefits, risks, and compliance requirements of outsourcing bookkeeping for nonprofit organizations. This supports informed decisions about spending, budgeting, and resource allocation.

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52

The Charity CFO

NOVEMBER 17, 2022

Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. . That’s why it’s important to start thinking about your budget for 2023 now. Budgeting should go beyond simply tracking money in and money out. . Intro to Budgets for Nonprofits.

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Nonprofit Budgeting CFO Forecasting 52

The Charity CFO

JUNE 26, 2023

Whether you’re a new organization or an established one working to get its finances under better control, there are few more important things to get right than your nonprofit operating budget. It serves as the backbone of your nonprofit’s spending, fundraising, and much more.

Nonprofit 52

Nonprofit Budgeting Benchmarking CFO 52

The Charity CFO

APRIL 13, 2023

Nonprofit financial management is one of the primary concerns for organizations. Nonprofits are special types of organizations, in both their structure and their purpose. This meaning is the driving force behind what nonprofit organizations do day in and day out. They live in the hearts of many as symbols of good in the world.

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Nonprofit Compliance Accounting Standards Budgeting 52

The Charity CFO

SEPTEMBER 22, 2022

Nonprofits exist to meet a societal need or provide a public benefit. Unlike an organization whose primary goal is to make money, nonprofits exist to meet a community’s needs. That said, while it’s not your primary purpose, your nonprofit must find ways to make money. . How do nonprofits make money?

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Nonprofit Budgeting Auditing CFO 98

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. Furthermore, nonprofit bookkeeping differs in some critical ways from for-profit bookkeeping too.

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Nonprofit Invoicing General Ledger GAAP 98

The Charity CFO

SEPTEMBER 1, 2023

Summary Today Tosha and special guest Daniel discover more about a new fintech application designed to help smaller nonprofits get more organized and stay on top of the ever-changing turnover crisis. Crowded provides nonprofit groups with an easy way to collect, spend, and manage money online. Saving the treasurer time.

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Nonprofit Budgeting CFO Financial Reporting 52

The Charity CFO

JANUARY 21, 2022

Nonprofits often receive donations or grants designated for a specific purpose–like a donation to a specific program or grant you have to spend within a calendar year. And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face.

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Nonprofit Accounting GAAP Accounting Principles 98

Centage

NOVEMBER 22, 2021

Building and managing an effective budget and plan can be daunting no matter what industry, but financial planning for nonprofits can be particularly difficult. And while no industry was spared in the wake of the pandemic, nonprofits were hit hard. increase in charitable giving in 2022. increase in charitable giving in 2022.

Financial Planning and Analysis (FP&A) 72

Financial Planning and Analysis (FP&A) Nonprofit Planning Finance 72

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. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. Well, the answer lies in understanding and implementing these 7 essentials of nonprofit financial management.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Collectiv

JUNE 13, 2023

Nonprofit organizations are essential for our communities, yet they’re often underfunded. Solid processes around nonprofit data give you critical information to highlight unique aspects of your organization, boost morale, increase credibility, enhance transparency, and build community awareness to support your mission.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

The Charity CFO

JANUARY 26, 2023

Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. You see, a 501 nonprofit corporation is recognized as tax-exempt by the IRS but this doesn’t mean they are exempt from filing taxes. Fortunately, filing taxes for a nonprofit doesn’t need to be stressful.

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52

The Charity CFO

JULY 14, 2022

A lot of nonprofit leaders are asking us about how to prepare their organizations for the possibility of a recession. 6 Steps to Recession-Proof Your Nonprofit. 6 Steps to Recession-Proof Your Nonprofit. So we’ll plan a 10% increase for this year and budget based on that.”. Is Your Nonprofit Recession-Ready?

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Nonprofit CFO Economics Restructuring 105

The Charity CFO

APRIL 19, 2022

As a CPA working exclusively with nonprofits and a former nonprofit auditor, I’ve looked at thousands of nonprofit financial statements over the past 10 years. Over the years, I’ve identified a set of 5 nonprofit financial red flags that are fairly common and almost always lead to trouble sooner or later.

Nonprofit 98

Nonprofit Auditing Compliance Accounting 98

The Charity CFO

NOVEMBER 23, 2022

The finance director role is critical to the success of any nonprofit, making it one of the most important hires an organization can make. They create and maintain financial records, prepare financial reports, and oversee the organization’s budget. Nonprofits are subject to a unique set of financial rules and regulations.

Nonprofit 52

Nonprofit Finance Strategic Planning Budgeting 52

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.

Nonprofit 52

Nonprofit Accounting CFO Budgeting 52

The Charity CFO

MARCH 20, 2023

How to grow your nonprofit is, after all, the key to strengthening your work, achieving your mission, and making an impact. However, many nonprofits are missing out on a key component of modern growth: marketing. There is a prevailing idea that marketing doesn’t make money in the nonprofit world. With roughly 1.8

Nonprofit 52

Nonprofit Marketing Budgeting Strategic Planning 52

The Charity CFO

JULY 24, 2023

When hiring your first employee at a growing nonprofit, it is crucial to understand the essential steps to hiring. Understand your budget and resources to ensure you can sustain the new hire long-term. A well-defined plan and timeline will keep the process on track and prevent unnecessary delays. It can be overwhelming.

Nonprofit 52

Nonprofit Compliance Advertising Budgeting 52

The Charity CFO

MAY 11, 2023

Bookkeeping is a critical component of running a successful nonprofit organization. However, managing bookkeeping in-house can be time-consuming and expensive, which is why many nonprofits are turning to outsourced bookkeeping services. As a leader, you’ll have to determine what is right for your nonprofit.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

The Charity CFO

JUNE 19, 2023

If your nonprofit is growing, you have a lot on your plate. But one of the most underrated things you can do to make life easier and improve your future prospects is to work with a nonprofit financial advisor. Read on as we explore more about this crucial role and how it can help your nonprofit.

Nonprofit 52

Nonprofit Communication CFO Auditing 52

The Charity CFO

DECEMBER 8, 2022

Grants are the lifeblood of nonprofits, giving them the much-needed cash injection to market the organization, fund a project, or get an initiative off the ground. Having a full grant pipeline increases your nonprofit’s chances of success and improves your visibility and credibility. What is a Grant? Scholarships. Fellowships.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

The Charity CFO

MARCH 24, 2022

Nonprofit fraud makes for great headlines— like the Minnesota nonprofit Feeding Our Future accused this year of squandering $48 million of federal funding on luxurious trips, fancy mansions, and other personal costs. . According to The New York Times , the value of nonprofit fraud is approximately $40-50 Billion each year.

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Nonprofit Profit and Loss Auditing Leadership 98

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. . Benefits of Nonprofit Accounting Services. data entry, invoicing, and report generation). Boosts donor confidence.

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Nonprofit Accounting Auditing GAAP 52

The Charity CFO

JUNE 7, 2023

A healthy nonprofit requires leadership, marketing, structure, and of course financial stability to make the impact it sets out to make. We give you expert bookkeeping and accounting support to help your nonprofit thrive.” For a nonprofit to thrive, there needs to be growth in a network of partners and collaborators.

Nonprofit 52

Nonprofit CFO Leadership Education 52

The Charity CFO

AUGUST 16, 2023

About David Welcome everyone to A Modern Nonprofit Podcast. Today, we explored the importance of websites, nonprofit marketing, and how to bridge the gaps between departments to achieve digital success. With over 20 years in the nonprofit sector, passionately working to revolutionize it one website at a time.

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Nonprofit Marketing Analyzing Data CFO 52

The Charity CFO

APRIL 8, 2022

Starting a nonprofit organization can be confusing and tricky, especially if it’s your first time and you don’t have any experience filling out a 501c(3) application. However, filling out the application is an essential step in setting up a nonprofit charity with the full benefits of tax-exempt status.

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Nonprofit CFO Accounting Planning 52

PYMNTS

OCTOBER 30, 2020

29) that it enjoyed solid Q3 revenues as consumers began to spend again and advertisers followed by reopening their ad budgets. When disaster strikes, nonprofits mobilize to extend grants and funding to partnering businesses, but payments can go awry when they use legacy B2B payment tools to disburse those funds.

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Securities Nonprofit B2B Advertising 59

PYMNTS

OCTOBER 23, 2020

We have finally created our nonprofit business to support initiatives in our community, and have delivered the benefits scheme upgrades we always wanted for our team.". Were we doing enough, were we on the right track and were we doing enough of what really mattered? Gone are the travel and conference budgets (sorry, Money/2020, etc.).

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Nonprofit Budgeting Communication Numbers 67

PYMNTS

JANUARY 29, 2021

In this week's news, we saw Quevos secure funding, new data on loyalty and rewards programs, and research on how nonprofits are using digital payments. They wanted choices in everything from how they kept track of appointments to how they paid their bills. The Weekender is here to catch you up. Trackers and Reports.

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Nonprofit Healthcare Budgeting Securities 55

PYMNTS

APRIL 28, 2020

Challenges to implementing these technologies still persist for some, however, as they must balance their budgets with what their clients and customers expect. Moving from paper to digital has evolved for business-to-consumer (B2C) payments in recent years, but upgrading business-to-business (B2B) payments has taken longer.

Invoicing 94

Invoicing B2C B2B Accounts Payable 94

The Finance Weekly

OCTOBER 31, 2021

Financial Planning for NPOs Financial planning for nonprofits entails optimizing your activities by meticulously managing all aspects of your finances. Many of the same issues that private-sector businesses face, such as raising revenue and managing budgets, apply. Good investment and funding opportunities may be lost.

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Planning Auditing Nonprofit Accounts Payable 52

PYMNTS

DECEMBER 19, 2018

However, the “season of giving” also gives nonprofit and religious organizations — which often help many communities and causes — a chance to raise money and awareness. A strong 2018 economy indicates that nonprofits could see yet another year of solid fundraising. The Business Of Nonprofit Business.

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Nonprofit Healthcare Education Budgeting 43

PYMNTS

FEBRUARY 26, 2019

The same goes for nonprofits, which, like any other company, wants efficiency and compliance in the T&E process. ” For Blackbaud, that idea turned into the launch of its expense management solution designed for nonprofits, announced earlier this month. .

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Nonprofit Budgeting Compliance Leverage 46

PYMNTS

DECEMBER 9, 2019

Carrying enough cash to cover those many needs is often a security risk, though, and drivers who lack the appropriate spending tools could see their delivery schedules veer off track if they have to search for specific retailers that will accept their payment methods. On The Road As A Company Driver.

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Transportation Budgeting Nonprofit Leverage 65