How Can Churches Save Money During the “Giving Slump” in Summer
Though summer often doesn’t see the amount of giving that Christmas generates, there are many creative ways to get people to increase their church giving during this time of year.
Navigating Transparency: Unveiling the Essentials of a Comprehensive Church Financial Report
A church's comprehensive financial report, carefully prepared by treasurers, sheds light on its financial health through key components like income statements, balance sheets, and budget comparisons. Supported by accurate accounting and bookkeeping, this report fosters transparency, trust, and informed decision-making, marking a path toward responsible stewardship and financial stability.
Leveraging AI to Transform Nonprofit Finances: Enhancing Efficiency and Accuracy
AI revolutionizes nonprofit finances by automating tasks, enhancing analysis, detecting fraud, optimizing costs, and empowering informed decision-making for social impact.
Are Outsourced Virtual Accounting Services Worth It for Your Church?
Outsourcing can be a gamble. But when it comes to your church’s finances, outsourced bookkeeping could be the best decision you make.
5 Ways a Virtual Accountant Can Help with a Church’s Finances
Wondering whether your church really needs accounting services? Here are 5 ways a virtual accountant can help improve your church finances.
It’s been three years since COVID-19 hit. How have nonprofit finances changed?
It’s been three years since the COVID-19 pandemic “stopped the world.” In its wake, we have seen a significant, foundational impact on economies worldwide — and the nonprofit sector is no exception. From reduced funding and flat budgets to a surge in demand for services, nonprofits were challenged to adapt and rebuild on a massive scale. Even now, after the pandemic has seemingly faded into the past like a bizarre alternate reality, nonprofits are still feeling pressure from the impact of inflation on donors, in the ending of much emergency federal financial support, and in the scarcity of available (or retainable) talent. In this blog post, we'll explore a few pieces of how nonprofit finances have changed in the past three years since the pandemic, and what long-term effects you can consider as you navigate your own nonprofit’s finances. It’s been three years since the COVID-19 pandemic “stopped the world.” In its wake, we have seen a significant, foundational impact on economies worldwide — and the nonprofit sector is no exception. From reduced funding and flat budgets to a surge in demand for services, nonprofits were challenged to adapt and rebuild on a massive scale. Even now, after the pandemic has seemingly faded into the past like a bizarre alternate reality, nonprofits are still feeling pressure from the impact of inflation on donors, in the ending of much emergency federal financial support, and in the scarcity of available (or retainable) talent.
10 tips to build financial literacy within a nonprofit
Build your nonprofit’s financial literacy and get back on track. Here are 10 tips from top virtual accounting pros.
Do you know the nonprofit filing requirements this tax season?
Tax season is here. Is your nonprofit ready? Let’s go over the basics of nonprofit filing so you can confidently file returns in 2023!
5 financial best practices every nonprofit should know in 2023
With a looming recession tightening up our budgets, here are the 5 financial best practices that every nonprofit should know in 2023.
Why you shouldn’t be afraid of a nonprofit audit (and how your virtual CPA can help)
Dreading that audit? Here’s how your nonprofit can be audit ready with peace of mind.
Giving Tuesday Is November 29. Here’s How Your Church Can Prepare
With Giving Tuesday just around the corner, there are several ways your church can prepare for full participation but be aware of donor impact on your overall accounting procedures. In the digital age, tracking donors and donations has become more complex, depending on the way your church accounting is set up.