Tag Archive: "true program costs"
-
What’s the Right Price for Nonprofit Mission?
Presenting a line-item budget to a potential funder is the equivalent of pricing the work at cost. It reduces the value of the work and the important mission it represents to time and materials. The danger of representing a nonprofit financial story this way is that we too often do an incomplete job of capturing the true costs associated with the work.
-
Elegant Nonprofit Allocations: System Design
To gain visibility into a program’s true cost, we apply our principles of elegant allocations. In this post learn how to apply these principles to a system design using Sage Intacct as our example.
-
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.