article thumbnail

Demystifying the Major Nonprofit Accounting Methods

Pamela Grow

To keep your financial data organized, you can use either of two primary tracking methods: cash accounting and accrual accounting. In this guide, we’ll discuss what each of these financial management systems looks like in practice, their respective benefits and drawbacks, and how to determine which method is right for your organization.

Method 59
article thumbnail

The Top 9 Nonprofit Credit Card Processing Solutions

Bloomerang

Nonprofit credit card processing solutions are tools nonprofit organizations use to complete credit and debit card transactions securely and quickly. Leveraging a secure payment solution throughout the donation process strengthens donor trust and allows them to use a convenient payment method. per transaction. per transaction.

Process 92
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Your Guide to Year-End Fundraising Best Practices

Nonprofit Tech for Good

Traditional methods, like direct mail, are still important for reaching older or less tech-oriented supporters. 3) Segmentation Segmentation is the process of categorizing current and prospective donors into distinct groups based on specific criteria to deliver targeted email campaigns. However, this is not a universal rule.

Practice 235
article thumbnail

How to Streamline Your Grant Management Process with Technology

sgEngage

You want applications from organizations that align to your mission, but the frequency of the requests can easily bog down your processes if you aren’t careful. To avoid overwhelming your team, standardize how you receive and process grant applications at your organization. That’s a Wrap You’ve nailed down your process.

Grant 100
article thumbnail

Thursday Thoughts | Best Practices for Sustainer Program Communications

EveryAction

Given this trend, we asked some of our partners, what are some messaging and communications best practices to help nonprofit fundraising and engagement staff recruit and retain more recurring donors? It’s likely your organization is already meeting some of these best practices. Alras Digital.

article thumbnail

Use Walt Disney’s Three Chairs Method When Making Your Decisions for Your Nonprofit’s Future

Bloomerang

Dilts who distilled his method for us mere mortals, publishing his findings in his 1994 book: Strategies of Genius. The Three Chairs Method. In the Realist Chair, you are pragmatic and practical, considering the resources that you have available. In Walt Disney’s office, there were always three chairs: The spoiler seat .

Method 126
article thumbnail

The Use of AI in Fundraising: Maximizing Donations with Data-Driven Asks

Nonprofit Tech for Good

Traditionally, fundraising has relied on old methods. Nonprofits are no longer limited by manual processes. Using this custom approach in your fundraising practices can improve donor engagement. They do so through donors’ preferred methods, like email, social media, text messages , or direct mail.

Donation 236