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5 Tips for Community Health Centers to Transition to New Fund Accounting Software

sgEngage

Name a point of contact who sees the big picture. It will help you envision the ease of an optimized structure for your chart of accounts and the business rules that will be most beneficial. The most important document to have on hand is a trial balance report—with 36 months of history—from your legacy system.

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Don’t Jeopardize Your Nonprofit Compliance with a Commercial Accounting System?

sgEngage

With an accounting system designed to manage and track balances by fund and subfund across fiscal years and with supported documentation, you can minimize risk by making nonprofit compliance a streamlined process. Track restricted funds by project to manage funder requirements Restricted revenue is at the heart of nonprofit accounting.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

sgEngage

Instead of just asking for information, make sure everyone is aware of why you are applying for a grant, what the budget restraints are, and the process for tracking spend. Document any processes you don’t already have highlighted. Review any documented processes to see if there were any updates over the past year.

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10 Considerations for Creating a Budgeting Process

sgEngage

In addition to reviewing and updating your nonprofit operating budget each year, your financial team should also regularly evaluate your process for creating that document. Documented Processes : Your annual budgeting process should be documented with tasks, responsibility assignments, and clearly stated deadlines.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2023

sgEngage

Make sure your internal control documentation includes the naming conventions, so your audit team doesn’t have to slow down the process by asking what specific entries are. Document any processes you don’t already have highlighted. Review any documented processes to see if there were any updates over the past year.

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30 Most Effective Nonprofit Software Solutions for 2024

Qgiv

Donor management software enables you to organize your donor information, track gifts, and strengthen your donor engagement. The features of GoFundMe’s nonprofit software include: Easy sharing Donation tracking Leadership board Fundraising photos Pricing GoFundMe charges a processing fee of 2.2% + $0.30 per donation.

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Training Your Employees is a Recession-Proof Strategy

Gyrus

Picture yourself steering a ship through a relentless storm; that’s what navigating your business during a recession feels like. By developing a recession-proof strategy, maintaining agility, and investing in your employee’s growth and innovation, you can chart a course to resilience, prosperity, and calmer situations ahead.

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