We don’t know where the funding is headed but I think we can all agree that changes are coming.
The real measure of a charity’s success is not in how well the return is on an investment, but rather how much that investment impacts the mission itself.
The last step of the nonprofit audit is to present our audited financial statements and shiny, clean opinion letter to the board.
Procedures and processes that serve multiple purposes (e.g. compliance and information) have a much better chance of success than doing something just because it must be done.
Let’s take a look at five key financial management and reporting capabilities that your fund accounting solution should have in order to help keep your organization compliant and increase transparency to stakeholders.
Nonprofits can spend surplus amounts of time on workarounds for processes that should be intuitively streamlined within their financial system.