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Accounting as a Shared Responsibility? Why the Most Effective Nonprofits Share Financial Management Across Leadership Teams

The Charity CFO

Many nonprofit leaders think accounting belongs solely to their CFO or accountant. But what if the key to financial clarity and stability lies in sharing the load? The truth is, many successful nonprofits empower leaders to manage their own department budgets. Teams need collective accountability to stay agile and informed.

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Nonprofit Budgeting 101

The Charity CFO

Nonprofit budgeting may be a source of dread for many, but there are ways to make the process (and outcome!) A well-crafted budget is a reflection of your mission and a roadmap to financial sustainability. Start with Your Mission Your nonprofits budget exists to advance your mission. much better.

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Is Your Nonprofit Ready for Increased Funding Scrutiny? Here’s How to Prepare

The Charity CFO

Is Your Nonprofit Ready for Increased Funding Scrutiny? Heres How to Prepare The financial landscape for nonprofits is shifting, and the pressure is mounting. With government funding and donor contributions facing heightened scrutiny, nonprofit leaders must ensure their financial systems are rock solid.

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Top 5 Signs Your Accounting Is a Mess (And How to Fix It)

The Charity CFO

Top 5 Signs Your Accounting Is a Mess (And How to Fix It) When your nonprofits finances feel offbut you cant quite put your finger on whyits often because the accounting system is quietly unraveling behind the scenes. Monthly financial reports should be shared with leadership on a consistent timeline. Youre playing with fire.

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KPIs You Should Be Tracking in a Nonprofit

The Charity CFO

Successful nonprofits and for-profit businesses alike use a variety of key performance indicators (KPIs) to help track their organizations performance. This guide will explore some of the most common nonprofit KPIsincluding how to calculate themto help you pick the right KPIs for your nonprofit.

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Nonprofit Leadership: Using Data for Better Decision-Making

The Charity CFO

How does your nonprofit make strategic decisions? A better way to make decisions is using data. Leveraging data for strategic decision-making has many benefits–from improving your efficiency to increasing the success rate of campaigns or strategies. What Does Nonprofit Data Look Like?

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Presenting to the Board – A Nonprofit CFO’s Perspective

Centage

Lowe, CPA, CGMA As a nonprofit finance leader, you are accountable to many stakeholders – especially your Board of Directors. Your role is critical and complex as you know and understand the financial operations of your organization inside and out – and are ultimately responsible. and “what is it you want us to do about it?”