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

Blackbaud

A well-implemented internal control policy. An internal control policy is the backbone of an organizations internal controls a set of rules and processes designed to protect its resources, ensure accurate reporting, and promote operational efficiency. Do All Nonprofit Organizations Need an Internal Control Policy? Absolutely.

Policy 98
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Finance: AMA Pushes For Charity Care Accountability

The NonProfit Times

Image from [link] Members of the American Medical Association (AMA) voted to support greater oversight of nonprofit hospitals and standardization of charity care policies so financial assistance reaches patients in need. AMA policy-makers also discussed increased enforcement on nonprofit hospitals that provide little or no community benefit.

Finance 94
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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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Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

Before you can grow, you should have a strong accounting infrastructure that consists of: Fiscal policies and procedures. Create a shared fiscal policies and procedures handbook for easy reference across departments. According to Jitasa , most nonprofits start out using the cash accounting method to track their finances—i.e.,

Finance 147
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Privacy Policy

Community Boost

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8 Tips for Supporting Your Grantees After a Significant Award

Blackbaud

Encourage Your Grantees to Establish an Investment Committee Your grantees likely have finance committees as part of their Boards, but with a sizeable gift that wont all be allocated immediately, they need to create an Investment Committee as well.

Award 97
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How to Develop Scalable AP Policies for Your Nonprofit

Blackbaud

Your nonprofit’s accounts payable policies create easy-to-follow guidelines to help provide that consistency. These AP policies not only ensure the smooth operation of your organization but also provide a framework to scale as your technology evolves.

Policy 105