Finance departments
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Compliance and Transparency: Managing Interfund Transactions in Nonprofits
There are several critical data points you should be tracking to properly manage your interfund accounts. Learn why the process is important.
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Modernize and Streamline Your Chart of Accounts for POWERFUL Communication!
Modernizing and reworking your chart of accounts can help you communicate financial information powerfully in your nonprofit. If your COA is cluttered it’s probably time to reorganize it and save time and frustration in preparing financials. Reorganizing your COA will also help you communicate more powerfully to your users of financial information.
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What to do when your finance team is short-staffed
If your nonprofit is struggling to find and keep finance staff consider looking for ways to automate or outsource, standardize work and cross-train, and focus on creating a culture of service.
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Getting out of Excel Spreadsheets
Too heavily dependent on Excel spreadsheets? We look at some of the most common misuses of Excel, and when a system may better serve your needs.
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Incorporating Financial and Nonfinancial Metrics in Organizational Oversight
Every organization seeks to remain sustainable as they carry out their mission. Incorporating relevant metrics and data efficiently into management oversight is important to this journey. In this final blog in our series on nonprofit financial statements, ratios, and nonfinancial information, we conclude with considerations for management in their role overseeing this information.
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Miniseries – Best Practices for the Month-End Close
The month-end close in many nonprofits is frustrating and time consuming. Using a well-designed closing checklist is critical to improving incrementally each month.
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The Nonprofit “CFO and” Syndrome: Strength or Symptom?
The key to identifying the right blend of skills, training, and experience for your financial leader starts with aligning the role you are seeking to the needs of your nonprofit. If the core needs of your organization expand across finance to HR, IT, facilities, and operations, then first consider whether one person should be responsible for all of these functions.
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Managing Execution Risk: From Vision to Reality in Nonprofit Finance
From CLA’s Stacey Johnson: Whether running for office, or running an organization, where people rely on us for executing a mission, our decisions matter. How we make those decisions requires a strong team, which often includes bringing trusted consultants into our corner for both expertise and experience.
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Elegant Reporting in Nonprofit Accounting
The whole point of designing an elegant accounting system is to produce elegant reports – useful, cogent information to help us make decisions, inspire our staff, build trust among our stakeholders, and align our use of resources to meet our mission goals.
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Finally! Clarity for Nonprofits around Tax Provisions
Thanks to Karen Gries, Principal in CLA’s nonprofit tax practice, for summarizing recent changes in laws affecting nonprofit tax.