Category: "Dashboards and Reporting"
May 12, 2021
Sage Intacct vs. MIP Fund Accounting: The Ultimate Comparison Guide for Nonprofit Financial ProfessionalsSage Intacct or MIP Fund Accounting power a large percentage of all the finance departments in the nonprofit sector Out of a crowded market for accounting solutions, nonprofits consistently choose Sage Intacct or MIP Fund Accounting. These two solutions power a large percentage of all the finance departments in the nonprofit sector, but a few…
January 13, 2021
Interactive Custom Report Writer Delivers Fast, Real-Time Advanced ReportingWhen Interactive Custom Report Writer (ICRW) from Sage Intacct was announced, every ICRW session at Advantage was sold out. This wasn’t surprising. This powerful tool in the hands of your financial accounting reporting expert will deliver incredible results. What is Interactive Custom Report Writer? Sage Intacct ICRW is a modern, visual reporting tool that delivers…
April 16, 2018
How To Reduce Financial Risk for Your NonprofitMany nonprofits walk a razor-edge financially. Nonprofits address society’s most difficult issues, compete for limited funding and struggle to find and keep qualified staff to run their organization. A new report by Oliver Wyman, SeaChange Capital Partners, and GuideStar, which examines the finances of more than 219,000 U.S. nonprofits, reveals sobering realities: Around 50% have…
February 26, 2018
Get a View into Your Nonprofit’s Outcomes with DashboardsDashboards provide a window into your organization’s performance and financial health. With the increased emphasis on outcomes—defined as a change in skill, knowledge, attitude, behavior, condition, or status—nonprofits must demonstrate the progress of those outcomes in a visual, understandable way. An article in Nonprofit Quarterly notes that a dashboard must: Align definitions of success across…
October 2, 2017
Communication Service for the Deaf; A Sage Intacct Success StoryCommunication Service for the Deaf (CSD) is a 501c nonprofit organization based in the United States and New Zealand, providing a plethora of services to the deaf. They recently worked with JMT Consulting Group to enhance their financial management solution by implementing Sage Intacct and Nexonia. We recently sat down with Brad Hermes, CFO and…
August 21, 2017
Is Your Nonprofit ready for ASU 2016-14?For the first time in over 20 years, there will be considerable changes in the way nonprofit organizations are required to prepare and present financial statements. On August 18th, 2016, The Financial Accounting Standards Board (FASB) issued Accounting standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities. The goal…
May 17, 2017
How to Know When it’s Time to Ditch QuickbooksAs Nonprofits Grow, They Quickly Outgrow Quickbooks Quickbooks offers an effective introductory accounting system for new, small businesses. It’s easy to use, efficient and provides solid reports. However, as nonprofits grow, organizations invariably face new financial management challenges and they quickly find that Quickbooks isn’t a scalable solution for their accounting needs. Data entry and…
April 21, 2017
What’s wrong with your chart of accounts and the solutions you need to make it rightIn the most basic terms, a Chart of Accounts (COA) gives a complete listing of every account in your accounting system. To a nonprofit financial manager or controller, a chart of accounts is much more than that. Your chart of accounts is the framework that gives insight into your nonprofit organization’s financial health. If well-designed,…
March 30, 2017
From Managers to the Board Members: How to Show Them the Data They WantManaging finances for a nonprofit organization means getting visibility into how your organization is achieving its mission. Program managers, CFOs, CEOs, and board members all need insight into different aspects of the financial and operational data to make the right decisions. How can you be sure every decision maker on every level is equipped with…
March 23, 2017
Why Every Nonprofit Needs Dashboards to Resolve the Visibility IssueAs 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…
January 19, 2017
Cloud Accounting Software: Everybody’s Doing It, Should Your Nonprofit?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…
September 21, 2016
A Cloud Solution Should Provide More Value, Not Create More WorkNonprofit organizations need to remain focused on the mission, not distracted by software systems. Whether you have a strong IT team or not, a cloud-based financial management solution may provide more value and versatility than you may think. Here are three benefits for replacing inefficient software with a cloud-based solution. The technology available to nonprofit…
