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4 Ways to Unlock the Potential of Your Nonprofit Finance Team to Become World Class

Blackbaud

A good finance team will make sure bills are paid on time, reports are accurate, and the Board of Directors has access to the current financial statements. A good finance team will help you stay where you are. A good finance team will help you stay where you are. A world-class finance department will help you evolve.

Finance 98
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4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

Its why we partner with MyFedTrainer.com to deliver grant writing supports and training on both the pre-award and post-award side of things. Effective grant management goes beyond tracking funds in your CRM its also about budgeting effectively, prioritizing programs that need financial support, and delivering timely reports to grantmakers.

Finance 52
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Building Trust and Accountability: A Guide to Nonprofit Internal Controls Policy

Blackbaud

For example, a newly hired finance manager is stepping into a nonprofit with no formalized internal control policy. Finance Teams: Handle the nuts and boltsdocumenting procedures, conducting reconciliations, and overseeing daily transactions. Personnel Controls Require background checks for new hires in finance-related roles.

Policy 98
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Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting

Blackbaud

As a nonprofit finance professional, you want all your data to be accurate. Discrepancies and Budget Overruns Manual time tracking and payroll allocation can result in discrepancies between recorded time and payroll provider data. These discrepancies can lead to budget overruns and difficulties in managing funds effectively.

Grant 104
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Understanding the Grant Lifecycle: Info for Nonprofits

Blackbaud

Engage program managers and finance teams to ensure the project is feasible and aligns with organizational goals. Important activities: Gather necessary documents, develop narratives, build budgets, and secure internal approvals. Important activities: Allocate resources, launch programs, and train staff.

Grant 71
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Introduction to Nonprofit Program Budgets

Grant Writing Made Easy

At our most recent Grant Writing Made Easy workshop, we did a deep dive into nonprofit program budgets. Of all the topics I teach inside the course, the budget is the one that students have the most anxiety and confusion around. (By Follow this 3-step process for creating nonprofit program budgets. Understand the key terms.

Budget 98
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How to create your new nonprofit’s first budget

Get Fully Funded

When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. Without a budget, you can find yourself in deep water, fast, with more money going out than coming in.

Budget 98