Tag Archive: "nonprofit accounting"
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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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Grant Management Miniseries Part III
Grant reporting is an important part of the grant management process and grant funders are increasing their reporting requirements. The more the organization can gather information in an automated format, the more efficient the process.
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Grant Management Miniseries Part II
Post-award grant monitoring is one of the biggest challenges reported by our nonprofit clients. In this blog, we suggest some approaches to structure, process, and systems to best support this function.
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Grant Management Miniseries – Part I
Managing the Grant Application Process for Grant-Funded Organizations When we are asked by nonprofits to review their operational efficiencies and effectiveness, the end-to-end grants management process is the number one functional area that nonprofits struggle with. This is no surprise given that this process typically crosses development, program, and finance departments at minimum, with a […]
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Miniseries – Best Practices for the Month-end Close – Financial Reporting & Analysis
Waiting on financial reports is frustrating. It’s even more frustrating when reports are issued late AND they are hard to read. To make informed financial decisions and react quickly to changing economic and other conditions, it is critical for nonprofits to master closing the books on a timely basis while also providing understandable and accurate […]
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Miniseries – Best Practices for the Month-End Close – Closing Revenue
Recently, I was in a meeting with a large nonprofit reviewing the monthly financial statements when the director of development spoke up and said, “That’s not what we have as total contributions for the month!” After an awkward pause, there was an intense discussion about what happened. Has something like this ever happened to you? […]
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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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Leveraging Financial and Nonfinancial Information to Improve Program Success
Has your organization considered how leveraging financial and nonfinancial information can contribute to program success? Let’s dive deeper into this topic as we continue our series on nonprofit financial statements and ratios.
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Nonprofits Eligible for Second Round of PPP
The Consolidated Appropriations Act, 2021 provides additional assistance to nonprofit organizations through Paycheck Protection Program Second Draw Loan or additional opportunities for PPP First Draw Loans. Organizations should review all the options to determine what may be most advantageous from a funding perspective.
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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.