Tag Archive: "financial strategy"
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Whole Organization Budgeting: A Collaborative Approach for Nonprofits
A thoughtfully crafted budget is a blueprint for accomplishing your mission and program priorities. It does very little good if, once it is created, it disappears into your accounting system never again to be discussed with program leaders.
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How to Stick Your Landing in a Free Fall
For many of the nonprofit leaders that my colleagues and I have been advising recently, the current COVID-19-related turmoil feels like the financial and emotional equivalent of a free fall. The only real hope is to react rapidly and, as much as possible, choose wisely how and where to land.
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Recording: Personnel Strategies in the Face of Impossible Choices
Nearly all nonprofits can attribute the success of their missions to the dedicated, talented people who are at the core of their organizations. Because of their commitment to their staff, contemplating personnel cuts or salary reductions are particularly painful options to imagine.
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Financial Leadership in the Face of Impossible Choices
Financial leadership during times like these requires an unflinching look at your current fiscal state and a willingness to seek and share solutions across your whole organization. Holding true to your mission will guide you towards thoughtful, compassionate, and effective decisions in the midst of hardship. To help, we are offering you a few simple financial tools and some creative approaches to navigate otherwise impossible choices.
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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.