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3 Signs Your Organization Needs a Nonprofit Accounting System

sgEngage

Your Chart of Accounts/Class List Becomes Unwieldy Nonprofit accounting, and fund accounting in general, is all about tracking, managing, segmenting, and reporting on individual funds. You have multiple income streamsdonations, grants, service feesas well as all the ways you use the money. Think Bigger! The reason is simple.

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Reporting for Grantmakers: Charts vs. Lists to Make Sense of Your Data

sgEngage

You have data on your grantees flowing into your grant management system (GMS) through applications and their updates. Your own historical data on grants awarded accumulates with every grant cycle. Using Lists in Your Grant Reporting. Using Charts in Your Grant Reporting.

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

sgEngage

Using a fund accounting system with a segmented chart of accounts requires fewer clicks and selections to track an expense, which reduces the potential for errors and helps to ensure your data integrity. And, of course, if you earned a government grant, the reporting can be even more complex.

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Where are the 2019 (and 2020) 990s? On filling the gaps in Candid’s grants data

Candid

At Candid, grants data from 990s flows into tools such as Foundation Directory , public dashboards that provide insights into philanthropy in different regions across the U.S., Sourcing grants data from 990s isn’t ideal to begin with—grant descriptions from filings are often sparse, and sometimes grants lists are missing entirely.

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Your New Budgeting Superpower: Program-Based Budgeting

sgEngage

For example, you need to make sure the grant or endowment money you are spending for a particular program is being spent according to the grant or endowments terms. Now, instead of each dollar being budgeted to a single account, it can be tracked across accounts, programs, and even grants.

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Five myths and misconceptions about Candid’s grant data

Candid

In service of this, in this blog, we’re highlighting five things we’ve heard about our grants data that aren’t quite accurate. Myth 1: “Candid grants data” is the same as “990 data.” institutional grantmaking and provide the starting place and scaffolding for Candid’s grants data. Years ago, this was true. institutions.

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[VIDEO] Get More Grants with Donor Cultivation

Bloomerang

will focus on donor cultivation, an essential step to getting the grant. We are here to talk about how to get more grants, specifically through donor cultivation. You can even do grant tracking, which we love as well. Her initials may be MBP, but to me, she’s the MVP of grants. Margit Brazda Poirier, GPC, M.S.

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