The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? However, nonprofit organizations face unique accounting challenges and not all commercial accounting software may be equipped to handle. Where to start with nonprofit accounting software Nonprofits have to comply with strict financial accounting standards.

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VCFO

JUNE 29, 2023

Restoring and Ensuring Effective Nonprofit Finance Practices Decades ago, healthcare trailblazer Sister Irene Kraus moved her mantra of “No Margin. And when shortcomings and lapses in those crucial cornerstones persist in a nonprofit, so too do risks to the organization and those they serve. No Mission.” into the limelight.

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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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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. However, most of it is actually the same.

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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.

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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.

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The Charity CFO

FEBRUARY 27, 2023

Does your organization get bogged down with nonprofit treasurer duties? Nonprofits don’t exist for the purpose of earning profits. With that being said, money is central to a nonprofit’s success. How does a nonprofit manage its money? One of the most important board members for a nonprofit is the treasurer.

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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.

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The Charity CFO

JUNE 7, 2023

Nonprofit financial statements. Nonprofit Financial Statements You are likely familiar with the different nonprofit financial statements that are typically included in a reporting package: Statement of Activities Statement of Financial Position Statement of Cash Flows Statement of Functional Expenses But we’d like to dive beyond the surface.

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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. . Benefits of Nonprofit Accounting Services. Nonprofit Accounting Services: More than a Bookkeeper.

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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. 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.

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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.

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The Charity CFO

JANUARY 4, 2024

Imagine this: your nonprofit is busier than ever with fundraising events and field work to help make your community a better place. Hiring new employees–and retaining your existing ones–is a challenge for nonprofits and for-profit businesses alike. For example, a person follows a nonprofit closely on social media.

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CFO News Room

JANUARY 27, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses.

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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. The financial piece of this is the mission of The Charity CFO. We give you expert bookkeeping and accounting support to help your nonprofit thrive.”

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The Charity CFO

JUNE 29, 2022

Nonprofits teams have a tendency to break into silos that don’t communicate well with each other, like fundraising, programs, finance, HR. And when those groups don’t communicate well with each other, things break down and get much harder than they need to be. Don't hire the wrong accountant for your nonprofit!

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The Charity CFO

AUGUST 28, 2023

Running a successful nonprofit requires many diverse skill sets, from experts in your particular field to fundraising and event pros. Unfortunately, one area where many otherwise thriving nonprofits lack experience is financial and money issues. That’s where advisory finance committees come in.

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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. It can be overwhelming. Before hiring a new employee for your organization, it’s crucial to ensure it’s the right move.

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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?

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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? Let’s meet these organizations.

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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. So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. with this overview of nonprofit accounting basics. .

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The Charity CFO

MAY 18, 2022

Financial oversight is one of the primary roles of your nonprofit board of directors. . Every nonprofit is required to have a board of directors. And they create a lot of confusion for people new to the nonprofit sector. Nonprofits are fundamentally different from other businesses. What is Financial Oversight?

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Centage

MAY 8, 2023

Lowe, CPA, CGMA As a nonprofit finance leader, you are accountable to many stakeholders – especially your Board of Directors. As CFO, at certain points throughout the year – in addition to your ongoing daily tasks – you must present key performance metrics (KPIs) and reports to your Board of Directors. with Susan C.

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The Charity CFO

JANUARY 19, 2022

This week on A Modern Nonprofit Podcast we’ll show you how to build the right team to scale your organization effectively. In this episode, Dirk van Reenen joins us to talk about why nonprofits need a defined business structure, the right team (not just a passionate team), and the mental shift founders must make to scale.

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The Charity CFO

MARCH 25, 2024

Grants can be an important source of funding for nonprofit organizations. Our tip: Try to seek out grants that come from agencies with similar missions to your organization and look for specific grants that align with your nonprofit goals. Grant writing can feel intimidating, especially if you’re just starting with seeking funding.

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The Charity CFO

JANUARY 12, 2022

Are you a nonprofit leader struggling with how prioritize revenue to avoid the trap of money becoming the mission? In this episode, you’ll find out: Ways for-profit companies can set up a nonprofit operation or foundation to advance their cause of choice. (4:19). For more nonprofit accounting resources check out [link].

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CFO News Room

NOVEMBER 22, 2022

” It’s constant communication through the year. How Matthew Communicated His Transition And Migrated Clients [29:08]. Michael: So, share with me a little more just how you communicated this. But I think it really boils down to we wanted to give our clients advice to solve problems that they needed help with.

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CFO News Room

NOVEMBER 30, 2022

Having a framework for the types of advice to give and for the language to use when communicating strategies to clients can reduce the confusion of being obliged to provide guidance on taxes while being prohibited from giving actual tax advice. Affects how much can be saved to pre- and after-tax accounts ! Property and casualty insurance?

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