March 23, 2017

As a CFO of a nonprofit, you not only face unique challenges in business and finance but also experience significant pressure to prove you’re making the right decisions about your organization. Board members and stakeholders expect to see you’re making informed and successful decisions about your organization’s financial matters. More than ever, donors want transparency…

March 16, 2017

When working with nonprofit organizations, I see the same common financial management challenges time and again: lack of visibility, data pulled from too many sources without integration, disparate types of data, and extensive use of manual processes like spreadsheets to analyze, track, and report. Does any of this sound familiar in your organization? Because of…

March 14, 2017

Is Winter Storm Stella going to be your deciding factor for finally moving to the cloud?  With this megastorm threatening much of the Northeast, your on-premise systems are in danger of being compromised.  From having redundant data to dispersed geography and backup disaster recovery  (BDR) processes, cloud computing protects organizations of all sizes from a…

March 3, 2017

A special breed of nonprofits, Community Action Agencies are the primary source of direct support for the more the 34.5 million people living in poverty in the United States. Community Action Agencies and Head Start Programs serve more than 16 million individuals and more than 3 million families every year. While exhibiting at the Annual…

February 23, 2017

Last August, the Financial Accounting Standards Board (FASB) announced some major changes to accounting rules titled, “Presentation of Financial Statements of Not-for-Profit Entities.” By implementing these changes, the FASB hopes to bring increased visibility into nonprofit financial statements, what goes into the statements, and how the statements are presented. While this shouldn’t be a surprise…

February 9, 2017

While 2016 might be over, 2017 is off to a fast start. It’s important for financial managers to have the right planning in place for their nonprofits in the new year. Between reports and taxes and grants and compliance, things can get lost in the mix. Don’t fear getting lost in the chaos—we put together…

January 19, 2017

If you’re like most nonprofits, you’re always on the lookout for the most effective ways to further your mission while being fiscally responsible. This often leads to outdated financial management systems for nonprofit organizations who choose to hang on to their legacy systems in an effort to save money. The problem is these legacy systems…

January 18, 2017

PATTERSON, New York (PRWEB) JMT Consulting Group announces that registration has formally opened for INNOVATE 2017. This two-day educational training conference, taking place May 16-18 at the Mohegan Sun Casino Resort in Connecticut, is specifically tailored for nonprofit financial professionals. Attendees will be eligible for up to 12 hours of Continuing Professional Education (CPE) credits….

January 4, 2017

All nonprofit board members have a fiduciary responsibility to diligently oversee the fund accounting and financial operations of the nonprofits they govern. Failure to receive timely, accurate information from the organization’s finance team can prevent the board and the finance committee from successfully executing on their responsibility. This can create disastrous consequences for the board…

December 28, 2016

There is a malaise, almost like a disease, that spreads throughout offices and workforces. It happens when systems don’t do what they should or can’t offer capabilities a non-cookie cutter business structure requires. An employee can’t do it within the system, so they find a workaround outside it. There is a term for this epidemic…

December 15, 2016

Women Against Abuse Transitions to Intacct to save time, money and resources NEW YORK; December 13, 2016 –JMT Consulting, a leader in providing financial management solutions exclusively to nonprofits, announced today that Women Against Abuse, Inc., Philadelphia’s preeminent domestic violence agency, has selected them as their financial systems consultant to help modernize the company’s financial management….

December 1, 2016

After turkey overload on Thanksgiving and shopping overload on Black Friday, and Cyber Monday, there’s a little-known holiday called #GivingTuesday. #GivingTuesday was started in 2012 as a “global day of giving fueled by the power of social media and collaboration.” But #GivingTuesday is more than a hashtag; it is the annual kickoff of charitable giving…

November 17, 2016

With bellies full and coupon clippings in hand, shoppers of America step it into high gear as soon as Thanksgiving dinner ends. There’s Black Friday, Small-Business Saturday, Cyber Monday, then (our personal favorite) Giving Tuesday. While the other days may focus on great deals for your Christmas list (while boosting the economy), Giving Tuesday isn’t…

November 11, 2016

Nonprofits, it’s time to make the switch from Quickbooks for your financial management systems. While Quickbooks may seem like an obvious answer for nonprofits, it is not the solution you need. At JMT, we have worked with over 1,000 nonprofit organizations during the last 22 years to systematically evaluate their financial reporting and operational requirements and identify…

There is a malaise, almost like a disease, that spreads throughout offices and workforces. It happens when systems don’t do what they should or can’t offer capabilities a non-cookie cutter business structure requires. An employee can’t do it within the system, so they find a workaround outside it. There is a term for this epidemic…

November 3, 2016

Today’s nonprofit organizations have unique operational needs that most basic software can’t support. Choosing a management system and a software provider can be a daunting process; however, these decisions are necessary for the continued success of your nonprofit. Here are several tips for finding a cloud-based management solution that meets your needs as well as an experienced…