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9 Best Practices for Strong Nonprofit Financial Management

sgEngage

How to do it Create a separate account for each fund in your segmented chart of accounts and assign each transaction to the appropriate fund. You can also create approval workflows that match your internal controls and send notifications and reminders to your approvers.

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Beyond the Audit: 6 Best Practices to Build and Strengthen Your Relationship with Your Audit Firm

sgEngage

Audit teams would then be caught off guard, unaware of either newly implemented accounting systems, new chart of accounts, or changes in processes and management roles. Or possibly the organization is updating their internal controls and wants to make sure their changes are sufficient and reasonable.

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Data as Decision in Grantmaking

sgEngage

To learn more about knowledge work and its role in grantmaking, check out the post Beyond the Newest Philanthropy Buzzword: Knowledge Work is Core to Equitable Change. Be internally and publicly transparent about the processes for data collection. Building knowledge is a social process where we make meaning together.

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Nonprofit Strategic Planning: Ultimate Guide + 7 Examples

Bloomerang

A good strategic plan ensures you have charted the necessary pathways to meet (and hopefully exceed) your organization’s goals. Issues-Based Strategic Planning Model An issues-based strategic planning model can be used when your organization’s internal operations are in more turbulent conditions.

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Compliance Training: A LMS Selection and Implementation Guide

Gyrus

We’ll cover everything from understanding the role of an LMS in compliance training to evaluating different LMS options.  We’ll also touch on planning and executing a successful LMS implementation. This can prevent costly fines, legal issues, and damage to the organization’s reputation.

Train 52
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Compliance Training: A LMS Selection and Implementation Guide

Gyrus

We’ll cover everything from understanding the role of an LMS in compliance training to evaluating different LMS options.  We’ll also touch on planning and executing a successful LMS implementation. This can prevent costly fines, legal issues, and damage to the organization’s reputation.

Train 52
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15 Inspiring Nonprofit Annual Reports | With Bonus Template

Whole Whale

Nonprofit annual reports play an important role as we head into the end of the fiscal year or the onset of giving season. However, throwing a million charts and graphs together or writing a 10,000-word essay on why your nonprofit is the best isn’t going to be so effective (or worth anyone’s time).