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3 Signs Your Organization Needs a Nonprofit Accounting System

Blackbaud

Is your accounting software not working for your organization? And this data rolls up into your organizational budget to give you a holistic view of your finances. Having internal controls inherent in your fund accounting software can also save you money. Check out our webinar, Got That Too-Small Feeling on QuickBooks?

Finance 105
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How to Develop Your Nonprofit Operating Reserves

Blackbaud

if the organizations mission involves disaster relief) Dependence on one key person Obligations resulting from your commitments to a donors purpose restrictions Amount of unsecured debt carried by the organization Fund Accounting Software that Drives Impact Find out how Blackbaud’s Financial Edge NXT fits your organization.

Contract 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. Accept Funding Accepting funding requires more than just signing a contract. Key best practice: Use fund accounting software or tracking systems to organize deadlines, budgets, and reporting requirements.

Grant 71
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How a Streamlined K–12 Business Office Improves Your Family Experience

Blackbaud

The Importance of Transparency in K12 Private School Business Offices Transparency is the foundation of trust, and when it comes to managing your schools finances, it matters to your families more than you might think. Check out our white paper, Why K12 Schools Need Fund Accounting Software.

Finance 52
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Why Your Fund Accounting System Needs a Strong Partner Network

Blackbaud

There was a time when you had to find one single solution that hopefully met the majority of your needs and priorities, which often meant you were stuck in a binding contract for years. Now, your technology and software needs evolve fast, and you can’t be tied to a system that can’t change with you. Customization without the price tag.

Funding 105
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Statement of Activities: Common Mistakes and How to Avoid Them

Blackbaud

The Financial Accounting Standards Board (FASB) introduces guidelines on how nonprofits should handle grants and contracts, and these updates help nonprofits report their finances accurately and in a standard manner. Engage with accounting professionals who specialize in nonprofit finance.

Finance 105
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4 Financial Metrics to Increase Transparency for Your Nonprofit

Blackbaud

Organization’s reliance on contributions: If an organization relies heavily on contributions from the general public—as opposed to program service fees or large government contracts—they are more likely to respond to donor requests for transparency. This is the percentage of revenue left over after all expenses, and the higher the better.

Metrics 116