Tag Archive: "nonprofit accounting systems"
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Using Your System to Track Restricted Net Assets
Are you frustrated using spreadsheets to track net assets? Learn how to set up your accounting system to properly track and report on net assets inside your software.
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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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Working from Home Series for Nonprofits – A Case for Automation
If you are like most organizations, the new normal looks a lot like the old normal but with a few stark differences. Employees now expect that if all or part of their job can be done remotely, then it should be done remotely, and that organizations should embrace that flexibility.
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Changing Payroll Systems: Five Lessons Learned
CLA’s Stacey Johnson shares lessons learned. The payroll system selected has to do double duty to fully integrate with a new accounting system and function as the human resource hub for benefits, PTO accruals, and staff onboarding. Is that asking a lot from a payroll system? Yes, it is, and rightfully so.
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Elegant Nonprofit Reporting: System Design
Taking the time to design an elegant chart of accounts, cost centers, and allocations creates the conditions in which your accounting system will eventually bear fruit – reports and dashboards rich with information that effectively tell your nonprofit’s financial story.
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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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Elegant Allocations in Nonprofit Accounting
The point of taking the time to design an elegant accounting system is not only simplicity, it is power – decision-making power. For nonprofits, we strengthen our decision making when we can see the whole truth about our programs and their finances.
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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.