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Nonprofit Finance Practices

VCFO

Restoring and Ensuring Effective Nonprofit Finance Practices Decades ago, healthcare trailblazer Sister Irene Kraus moved her mantra of “No Margin. Here, we look at what can cause finance and compliance-related practices to go astray in nonprofits, as well as what can be done to get them back on course and keep them there. No Mission.”

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Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. Delegation and Empowerment: No CFO can do it all alone.

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Why You Shouldn’t Start a Nonprofit

The Charity CFO

Nonprofits Require Extensive Legal and Accounting Compliance Nonprofits are subject to several layers of federal and state laws and financial reporting standards. Do You Struggle to Make Sense of Your Financial Statements? The post Why You Shouldn’t Start a Nonprofit appeared first on The Charity CFO.

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Nonprofit Tax Filing: 7 Steps to Peace of Mind

The Charity CFO

Start With the Fundamentals of Nonprofit Tax Filing Non-profit organizations operate in many areas of society, including education, healthcare, sports, and social services. Proper revenue recognition is a core accounting principle that ensures proper financial reporting, ensuring that you remain compliant and maintain donor confidence.

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193: Tsungiriro Rukanda

CFO Talks

‘ A mindset focused on delivering results ‘ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers.

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Employee Benefits to Offer as a Small Nonprofit

The Charity CFO

Legal compliance: Does a benefit offering meet legal requirements or standards? With a group health plan, you’ll work with an insurance company or healthcare provider to purchase a health plan and then offer employees the chance to join the plan. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Adaptive is one option companies use for modeling, budgeting, forecasting, and financial reporting. In addition to offering financial and sales planning solutions, Workday Adaptive also caters to workforce and operational planning needs. Automated reporting also enforces compliance with GAAP and IFRS standards.