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Elegant Chart of Accounts: Simple Can Be Sophisticated
The goal is to develop a chart of accounts that remains as simple as possible while still capturing all of the information necessary for you to run your nonprofit well and to successfully share the story of your organization’s financial health.
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Strategy Meets Standards In Nonprofit Accounting
While being accurate and responsible with our accounting is important, nonprofits can make more powerful use of new accounting standards if they learn to use them strategically.
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Elegant Cost Centers: the Art of System Design
Now that you’ve given some thought to and identified the cost centers that support your mission, we’ll jump even deeper: how exactly do we build this into an actual accounting system?
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Elegant Cost Centers
To build toward financial elegance, start with the broadest view of your organization and work inward. All nonprofits have a mission and a corresponding mission statement. The way your organization goes about its work, and the financial systems it sets up to support its work, should flow directly from that mission.
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Elegant Financial Systems: Principles and Practice
CLA is launching our new Innovation in Nonprofit Finance Blog with a series of pieces on both the principles and practice of elegant design in nonprofit accounting systems.