Category: "Dashboards and Reporting"
August 8, 2016
Management Reporting vs Compliance ReportingNonprofit organizations are well-versed in the reporting process. Showing transparency and sharing information with the board of directors, the membership, funders and granting agencies requires a lot of communication and detailed reports. There is a difference between preparing management reports and compliance reports and it starts with presentation. Reliable data and detailed reports are…
April 13, 2015
Why A Table-Driven Chart of Accounts MattersWhat’s Wrong with Your Chart of Accounts and the Solutions you Need to Make it Right When implementing a financial accounting and reporting system at a nonprofit organization, few would disagree that an optimized Chart of Accounts design is critical to success. Being able to produce accurate compliance reports and meaningful management reports is the…
April 6, 2015
What is Nonprofit Accounting Software?I spoke recently with a prospective client that asked a simple question: What makes nonprofit accounting software “nonprofit accounting software”? I realized at that moment that there are software products in the marketplace that bill themselves as being “built for nonprofits” and there are others that claim to “work well for nonprofits”, but then…
January 16, 2015
Why Doesn’t Anyone Read These Reports?Sometimes working in nonprofit finance can be frustrating. A tremendous effort goes into carefully planning, recording and reporting financial information to meet regulatory and funder reporting requirements and provide actionable decision support information to the organization’s management team. What we hear very frequently is that managers in some organizations seem indifferent about the information that…
November 18, 2011
Penalties for Late Consolidated Fiscal ReportsDo you receive payments from the New York State Office for People With Developmental Disabilities (OPWDD), Medicaid payments from the NYS Office of Mental Health (OMH), or the NYS Office of Alcoholism and Substance Abuse Services (OASAS)? If so, you’ll want to investigate late filing penalties association with Consolidated Fiscal Reports (CFR). In the…
December 10, 2010
Charter Schools Financial Reporting: It’s Time to Graduate from SpreadsheetsCharter Schools have many challenges in the course of the academic year; worrying about audits and grant reporting shouldn’t be one of them. But if your school relies on spreadsheets to manage grants, or information must be consolidated from multiple school locations, there is a large margin for error – errors that, if severe enough,…
