Remove Finance Remove Indirect Remove Nonprofit
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How to Develop Your Nonprofit Operating Reserves

Blackbaud

When you work for a nonprofit organization, you dont hope for a period of unexpected demand or income fluctuations. Operating reserves provide a financial cushion to help nonprofit organizations weather economic uncertainty and make stronger strategic decisions. Still not sure if an operating reserve is right for your nonprofit?

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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. Keep reading for actionable tips to improve your allocation processes and avoid issues common to managing your nonprofit payroll and time tracking for grant reporting. Maintaining compliance can protect existing funding, as well.

Grants 104
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What’s New and What’s Next: Why Your Finance Team Should Attend bbcon 2024

Blackbaud

There are several exciting times of the year for nonprofit finance professionals—budget season, audits, year-end close. They will discuss the importance of having both your development and finances teams involved in donor stewardship. Reporting is a key part of any finance professional’s role.

Finance 105
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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

In our webinar with Rachel Werner and James Spencer from RBW Strategy, they covered steps to help nonprofits that receive—or are looking to start receiving—government grant funding. Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate. Make sure your program team understands their role.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

So many nonprofits found 2023 to be particularly stressful. From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. It gives your nonprofit breathing room when a problem or a new opportunity arises.

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Let’s face it—budget planning can cause a lot of stress and anxiety for nonprofits. Develop a more accurate overall budget In collaboration with your organization’s finance committee, create a more accurate overall budget by using project or program-based budgets. Calculating indirect costs can be challenging.

Finance 119
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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

With a fund accounting software system designed for nonprofits, you can fully track all your grants, especially restricted grants, in one place. Understand Your Indirect Costs Tracking and allocating your indirect costs is one of the most tedious aspects of grant applications and reporting. Ready to tackle the tasks of grants?