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

sgEngage

Grant-funded nonprofits know compliance isn’t a nice-to-have. You might be able to win back an unhappy donor with a new program or event, but grant funders usually don’t get excited about silent auctions. When your accounting system is not built to handle restricted funding , each report can feel like a fire drill.

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How a Segmented Chart of Accounts Reduces Errors in Your Nonprofit Accounting

sgEngage

To be part of a modern nonprofit financial office is to witness fingers flying over keyboards as information is entered expertly into the accounting system. And, of course, if you earned a government grant, the reporting can be even more complex. You make one selection, and you can see the relationships clearly.

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4 Reasons Why Government Agencies Need Fund Accounting Software

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As a government agency, your team is used to doing more with less. But just because your accounting is complicated—with hundreds of ways monies flow in and out of your budget—it doesn’t mean your accounting system has to be difficult to use. What is Government Fund Accounting Software?

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Pop the champagne: This year Candid’s grants data set turns 21!

Candid

Candid’s grants data set currently includes comprehensive information about over 30 million grants and other philanthropic transactions, such as pledges, in-kind gifts, program-related investments, etc. This typically resulted in about 900-1,300 funders represented and 100-150k grants collected in a given year.

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How to Set Up Your Nonprofit Accounting System RIGHT So it Helps You Grow

Get Fully Funded

When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. The problem is that if you’re like most, you haven’t paid a lot of attention to your accounting system. Most people who start or lead nonprofits aren’t numbers people.

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

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If a government regulation changed or community preferences shifted, would you have time to react? Tip 1: Categorize your revenue types, such as fundraising, grants, and earned income. Make Sure You’re Ready for Your Next Government Grant Government grants are a great addition to any nonprofit’s balance sheet.

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Your Unrestricted Funds Need Stewardship, Too

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Restricted funds are donations or grants that can only be used for the purposes specified by the funder. Many grants, especially federal and state grants, are restricted. So, the organizations behind the grants use the reporting requirements to make sure the funds go towards addressing those impact areas.

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