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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

You’ll create strategic plans, brainstorm new projects and programs, and organize campaigns to raise the necessary funds to execute your ideas. One important but sometimes overlooked step in future planning is ensuring proper nonprofit financial management. Methodology. Chief financial officer (CFO).

Finance 147
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Gaining Leadership Approval for Major Technology Investments: A Practical Guide for Nonprofit CFOs

Blackbaud

Here are a few considerations when advocating for technology investments in your accounting and finance departments. Here are a few points to consider when linking your proposal to your organizations strategic plan: Map out Strategic Goals Begin by clearly identifying and outlining your nonprofit’s strategic goals and objectives.

Finance 88
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4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

To help ensure each grant drives meaningful change, this guide will explore ways grant management influences your nonprofits finances and how to optimize the process for greater impact. Grant funds usually come with restrictions, so understand each funders limitations and plan accordingly. A $6,000 unrestricted grant.

Finance 52
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How to Evaluate a New Revenue Stream

Blackbaud

Ask the finance team. Finance teams can help their nonprofit organizations evaluate new revenue streams, enhancing the organizations stability and mitigating risk while intentionally experimenting with varied income sources. Review your strategic plan to ensure the new revenue stream fits within your organizational objectives.

Finance 105
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Register Now! Beyond the Ledger: Nonprofit Finance Summit

NonProfit PRO

Nonprofit leaders are invited to Beyond the Ledger: Nonprofit Finance Summit, a free virtual event on March 13. Earn free CPE credit, network with other finance leaders and get inspiration to optimize strategic planning, reporting, grant management and accounting operations.

Finance 89
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How to Boost Efficiency in Your K–12 Business Office with AP Automation

Blackbaud

One Step Closer to a Paperless Finance Office If you are like many private K12 schools, you could build rooms with the boxes of paper stored throughout your campus. Stronger Internal Controls Having a small finance team often makes it hard to incorporate good internal controls , like separation of duties.

Finance 87