Bringing accounting into the 21st century
With all the advances in accounting software, it’s time for nonprofits to consider updating their systems, a decision that could save both time and money.
Nonprofits can address financial challenges
With continuing high unemployment, withering budget cuts by state and local governments and massive cuts in federal spending, nonprofits can take some basic steps to weather the continuing financial storm.
Accounting lessons from the recession
While there are signs the economy is improving, the pain is far from over and experts says it’s time for nonprofits to heed the painful accounting advice dealt out by the recession if they are to rebuild strong and stable financial bases.
Nonprofit finance a tool for change
The new economy requires that nonprofits find new ways to think about their finances and assets, and to handle their accounting.
Financial focus prescribed for nonprofits
The economic storm stressing nonprofits makes it critical they know their finances, their financial risk and their strategic options, and be bold in making financial plans and changes, experts say.
Ethics requires backbone, not compass
To keep its financial house in order and avoid wrongdoing and scandal, a nonprofit needs the courage and the will, not simply a policy or the resources, to do the right thing.
Program-related investments provide needed relief
Program-related investments, usually in the form of low-interest loans, can help nonprofits support their missions as they grapple with reduced funding.
Foundations try to balance assets, grants
In a bust, when interest income is gone, assets are shrinking and grantees need even more money, the balance between asset preservation and grantmaking takes on particular gravity.
Accounting is where the nonprofit buck stops
Accounting gives a nonprofit a key tool to run its business, plan its future, and show donors and regulators it is spending and tracking its funds the way it should.