With a looming recession tightening up our budgets, here are the 5 financial best practices that every nonprofit should know in 2023.
Dreading that audit? Here’s how your nonprofit can be audit ready with peace of mind.
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.
Patagonia’s recent gift to a nonprofit organization committed to fighting climate change has many other nonprofit’s questioning how and why this particular nonprofit was the chosen one. Read on to discover a few important takeaways from Patagonia’s $3 billion gift as we approach a new year of business:
Budgeting and forecasting require time. Finding someone within your organization with the ability to look at data and strategically plan for your ministry’s future profit and loss can be difficult. If you don’t have the time, resources, or understanding to tackle this job on your own, an outsourced bookkeeper can be an easy solution. Let’s debunk a few myths before you decide:
In recent years, we’ve found that church roadmaps are getting tougher to build and forecasts are becoming harder to predict. All businesses have been impacted by the pandemic, for example, but most of those businesses are not directly reliant on outside or loyal donations to continue thriving. Read on to discover the 4 steps to building your church’s financial plan, which include eliminating virtual bookkeeping myths and empowering you to prioritize your mission.
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.
Nonprofit organizations face similar risks as for-profit businesses. However, nonprofits must navigate around tight budgets while honoring their donors’ intentions. This article details 6 risks facing nonprofit organizations on a daily basis.
Considering the heightened risk of cybersecurity attacks, Nonprofits need to step up their game with cybersecurity, information security etc.
Tax season is upon us, but if you’re a tax-exempt organization, what does that mean for you? Read our article about all the relevant information you need for filing as a nonprofit: