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.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

The Charity CFO

JULY 13, 2022

This article will summarize the principal criteria the top 3 charity watchdogs use to evaluate your nonprofit organization. Charity Watchdogs is a term used to describe various organizations attempting to measure the quality of a nonprofit organization. They’ve been providing ratings for nonprofits in some form since the 1920s.

Nonprofit 98

Nonprofit CFO Accounting Strategic Planning 98

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.

Nonprofit 52

Nonprofit Compliance 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. However, most of it is actually the same.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 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

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 are responsible for the financial health of the organization. They create and maintain financial records, prepare financial reports, and oversee the organization’s budget.

Nonprofit 52

Nonprofit Finance Strategic Planning Budgeting 52

Centage

NOVEMBER 27, 2023

As businesses, nonprofits have a unique set of needs and challenges. Nowhere is that more apparent than in financial planning. Budgeting and financial forecasting are two of the most important business activities for nonprofit FP&A.

Nonprofit 40

Nonprofit Budgeting Forecasting Planning 40

Collectiv

JUNE 13, 2023

Nonprofit organizations are essential for our communities, yet they’re often underfunded. Data analysis is a treasure trove for non-profits. Let’s look at three ways to leverage Power BI for nonprofits so you can use your data effectively. Build Trust in the Community Data is a powerful tool.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

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.

Nonprofit 52

Nonprofit Problem Solving Finance CFO 52

The Charity CFO

FEBRUARY 8, 2024

Does the idea of a financial audit on your nonprofit leave you feeling nervous? For many nonprofits, a full financial audit can help ensure the accuracy of their financial recordkeeping. Luckily, not all financial situations require an audit. Do You Struggle to Make Sense of Your Financial Statements?

Auditing 52

Auditing Nonprofit Compliance CFO 52

PYMNTS

APRIL 12, 2016

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. Nonprofits are well-positioned to benefit from virtual credit cards,” the report concluded.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

Centage

MAY 8, 2023

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?”

Nonprofit 98

Nonprofit Budgeting CFO Finance 98

PYMNTS

NOVEMBER 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. Last week, the Department of Justice gave the green light to Mastercard’s $825 million acquisition of data aggregator Finicity.

Nonprofit 117

Nonprofit Banking Financial Data Education 117

The Charity CFO

APRIL 5, 2022

But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting. Is your nonprofit required to use accrual accounting? So which accounting method is right for you? What is the Accrual Accounting Method? Accounts payable.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

PYMNTS

SEPTEMBER 19, 2019

Our agreement with Plaid, a leading data platform for many financial management apps, will help our customers share their financial data with these apps with greater control and transparency.”. The API is aligned with the Financial Data Exchange , a nonprofit providing a standard for the finance industry. .

Nonprofit 52

Nonprofit Financial Data Finance Securities 52

The Charity CFO

FEBRUARY 25, 2022

If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. It’s a list of the accounts you use in your organization to track your financial transactions. How to Organize a Nonprofit Chart of Accounts . Equity is referred to as Net Assets in the nonprofit world.

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Nonprofit Accounting Accounts Payable GAAP 98

PYMNTS

FEBRUARY 5, 2020

The ACH payments and financial data exchange nonprofit NACHA is developing a digital platform to streamline payments by facilitating data sharing via a centralized hub, NACHA announced Wednesday (Feb. The NACHA Phixius platform enables connected service providers to securely exchange payment-related data.

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B2B Nonprofit Leverage Financial Data 52

PYMNTS

DECEMBER 5, 2019

The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware. The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud.

Banking 52

Banking Treasury Nonprofit Advertising 52

PYMNTS

DECEMBER 5, 2019

The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware. The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud.

Banking 52

Banking Treasury Nonprofit Advertising 52

PYMNTS

MARCH 13, 2019

To compete, finance providers should be utilizing data-derived insights to secure their customer base, improve their service and capitalize on their brand strength.” According to a release by the companies, TRADEDATA will offer data feeds selected by FinTech Sandbox to develop and test new financial products and services.

Banking 62

Banking Nonprofit Startups Financial Data 62

PYMNTS

MARCH 7, 2017

Three broad areas of special interest to the bureau were discussed – encouraging consumer-friendly innovations, the issue of consumer control over their personal financial data and the benefits and risks of using unconventional sources of data to underwrite loans and provide access to credit to more consumers.

Nonprofit 49

Nonprofit Compliance Financial Data Startups 49

The Charity CFO

MAY 2, 2022

How financially healthy is your organization? Just by reading these three section of the 990, your donors can get a pretty accurate picture of the financial health of your nonprofit. . It’s another chance for you to control the story your donors will read about your nonprofit–so don’t take it lightly! Parts I, VII, and X.

Nonprofit 105

Nonprofit GAAP CFO Accounting 105

PYMNTS

JUNE 19, 2019

That move includes new rails (the Libra Blockchain), the new currency (Libra), and the new Geneva-headquartered nonprofit (the Libra Association) that will act as its governing network structure and hold the Libra reserves. Virginia Senator Mark Warner expressed worry, given Facebook’s rocky relationship with consumer trust in the U.S.,

Currencies 59

Currencies Nonprofit Banking Accounting 59

PYMNTS

JUNE 19, 2019

That move includes new rails (The Libra Blockchain), the new currency (Libra) and the new Geneva headquartered nonprofit that will act as its governing network structure (The Libra Association) and hold the Libra reserves. The move also includes the first application that will run on those rails, a digital wallet called Calibra.

Currencies 40

Currencies Nonprofit Banking Accounting 40

PYMNTS

JUNE 8, 2018

Operating in both California and India, Crowdera provides nonprofits a way to raise funds via crowdfunding on its platform. The company focuses its operating system on SMBs that need to manage eCommerce and B2B wholesale distribution operations, including inventory and order management, financial data management and sales.

Construction 46

Construction B2B Startups Finance 46

Centage

OCTOBER 3, 2022

Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios. If your business is outgrowing Excel, you are not alone, and it may be time to switch to another financial forecasting solution. A single miscalculation could lead to significant monetary loss.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Centage

OCTOBER 3, 2022

To conduct financial data analysis, your business needs to test various hypothetical scenarios. If your business is outgrowing Excel, you are not alone, and it may be time to switch to another financial forecasting solution. A single miscalculation could lead to significant monetary loss. Limited Visibility.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

PYMNTS

JULY 15, 2019

We want, and need, governments, central banks, regulators, nonprofits and other stakeholders at the table and value all of the feedback we have received,” he said. But will regulators want to come to the table – or is it more likely they will want to shut it down? Stateside, lawmakers have been vocally pretty dubious.

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Currencies Finance Banking Concentration 40