Remove Finance Remove Insurance Remove Software
article thumbnail

How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Financial Accountability: Donors, grantors, and the public trust nonprofits to manage their finances responsibly. Examples include backup procedures, disciplinary action, and insurance. Assess Risks: Identify the risks that could impact the organization’s operations and finances.

Policy 72
article thumbnail

GAAP for Nonprofits: How to Reconcile GAAP and Non-GAAP Results

Blackbaud

Have you ever had your board members scratch their collective heads when the development and finance teams report their results? So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting. How Development and Finance Can Get Along (Really!)Does

Insurance 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. However, you can strategically cut other administrative costs by: Evaluating your organizations insurance plan to ensure youre getting the right amount of coverage for the best price.

article thumbnail

Your Nonprofit Team: Attracting, Retaining Talent

The NonProfit Times

Think beyond health insurance. Digital onboarding platforms can ease the transition for new hires, while project management software keeps teams organized. Offering Competitive Compensation and Benefits Nonprofits might not always match corporate salaries, but that doesnt mean you cant be competitive.

article thumbnail

Maintaining nonprofit compliance with fundraising software

GiveSmart

With the help of a high-quality fundraising software solution, your nonprofit can stay organized and ensure every important need is met to continue growing and serving your mission. We are breaking down compliance considerations for nonprofit organizations and the ways fundraising software can help streamline compliance management.

article thumbnail

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

Blackbaud

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. Tip 2: Bring both your program and finance teams into the grant application and award process.

article thumbnail

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. Use accounting software to help you manage your finances. Technology (website, network, etc.)

Budget 98