Nonprofit Financial Management Whitepapers

 

Tied Up in the Strings Attached to Federal Awards?

Federal awards always come with strings attached. Previously, organizations receiving federal awards exceeding $500,000 included a mandate that the recipient undergoes an A-133 audit. Going forward, that threshold has been raised to $750,000 for audits of fiscal years beginning on or after December 26, 2014 and requires that a single or program-specific audit be conducted. This audit requirement has one primary purpose: to provide evidence that the recipient has complied with award requirements and the federal dollars have been utilized as intended. For organizations that wait until the end of the year to create or accumulate records in support of their compliance efforts, preparing for the audit can be a nightmare.

Eliminating Audit Anxiety

While some nonprofits think of a financial statement audit as a giant headache, others have found the process to be not only pain-free but also a source of new insights for the organization. What accounts for the difference in perspective? For many nonprofits, it comes down to investing in the people, processes and tools that best support their mission.

Key Factors in Grant Management, Control and Visibility

In the nonprofit world, it has never been more important for organizations to achieve maximum efficiency in the way you organize and manage grants, track and report expenditures, and make the most of every dollar you spend to achieve whatever mission you serve. With these seven practices your organization can operate confidently not only in directly carrying out your mission, but with abundant clarity and visibility so that you know – at any given moment – that you’re on budget, in complete compliance, and reporting as you need to.

Smart Stewardship in a Rapidly Changing World

By Peter Brinckerhoff, award-winning author, trainer, consultant, and expert on nonprofit management.

"...in the nonprofit world, we need to be smart stewards. We need to be able to find the best path for our organization and get the most mission out the door every single day. To do that, we have to consistently make the best decisions for our mission, our nonprofit and, ultimately, the people we serve."

5 Key Reasons Why Great Financial Management is So Important for Your Nonprofit Now

By Peter Brinckerhoff, award-winning author, trainer, consultant, and expert on nonprofit management.

"Why should you be concerned about the quality of your financial reporting system in the midst of a once in 70 year recession? Let’s drill down a bit and investigate five key reasons."

Achieving Financial Transparency for Dioceses

For all organizations in the nonprofit sector, financial transparency is synonymous with survival. Dependence on donors necessitates an ongoing demonstration of where money is spent and how funded activities and programs fulfill defined mission statements. While Catholic dioceses are not required by law to be transparent and accountable, there is a definite shift towards the production of financial reports that provide a complete picture of the financial health of the entire diocese from the bishop’s and archbishop’s office down to the parishioner donor level.

Gantt vs. Grant - A Grant Manager’s Guide to Selecting the Right Software

By Geni Whitehouse, Even a Nerd Can be Heard

It’s a wonder more grant managers aren’t paranoid. They’ve got not only Big Brother watching their every move, but they also have to answer to his Sister Sarah at the AIP (American Institute of Philanthropy), Aunt Edna, who serves on their board, and of course, Uncle Sam. They have to track every expenditure down to the lowest level, slice and dice information in a myriad number of ways, and then manage to create a riveting narrative that tells the story of what they’ve been able to accomplish. In any given day, a grant manager might be dealing with government agencies, private foundations, and charitable organizations, each of whom impose their own set of rules, reporting, and compliance burdens. So how can we expect them to get by with software that kind of/sort of meets their needs?

Missions on the Move - How the Right Technology Can Keep Global Organizations Connected

By Geni Whitehouse, Even a Nerd Can be Heard

It is hard enough to communicate with team members across the room, but many of today’s NGO’s and multi-national non-profits must stay connected with people around the world. They often cross geographical, cultural, and political boundaries to reach those in need. They manage people who speak different languages, manage funds in multiple currencies, and manage applications on diverse technical platforms. As they spread their cause globally, these organizations encounter hurdles and difficulties of every sort in an environment of increasing government oversight and shrinking budgets.

Power to the People Who Power NonProfits - Cloud Computing for NonProfits

By Geni Whitehouse, Even a Nerd Can be Heard

The days of limited access are gone. Savvy accounting software vendors are harnessing new technology to make powerful solutions available to the masses. This movement is called cloud computing. By harnessing the cloud and deploying their solutions online, these vendors have made their solutions accessible to non-profit organizations everywhere, regardless of size, infrastructure, or budget. Once an organization goes “to the cloud” for its accounting solution, the vendor assumes the costs of IT administration and delivers the solution via a subscription model. Thanks to the cloud, more non-profit organizations can take advantage of the rich features and intelligent design of solutions like Serenic Navigator.

Professional Guide to Evaluating and Selecting Not-for-Profit Accounting Systems

By J. Carlton Collins, ASA Research

"The purpose of this report is to help you evaluate and select an appropriate not-for-profit accounting system to meet the current and anticipated future needs of your organization. ASA Research has a twenty year track record of publishing the most comprehensive independent reports and papers on this subject in the industry."

Social Services

Social Services organizations are constantly challenged to provide greater assistance to their constituents with limited personnel and financial resources. Increased pressures from funding sources to account for the effectiveness of each dollar spent on service versus administrative costs requires your accounting, grant administration and project, program and case management staff to have more effective, integrated and reliable financial and operational software. This whitepaper addresses the key issues facing social services organizations and provides practical guidelines to assist financial, operational and information technology leaders in solving issues and meeting sophisticated requirements, while establishing a solid technology foundation to resolve future challenges.