The ability to provide timely and accurate financial reports is critical for every nonprofit organization.
It can be difficult ensuring that all of your organization’s reporting is presented well and accurate.
If you use QuickBooks or a similar system, you may be doing more work than you have to. That is why JMT Consulting Group only recommends software that explicitly caters to nonprofit financial reporting.
- Nonprofits have unique financial reporting requirements that call for software built for these unique needs.
- Avoid spreadsheet overload! Most financial management tools are not optimized for nonprofit financial reporting, so any organization that uses these tools often ends up doing manual work to cope with this problem. That manual work can take hours, even days to complete, hurting efficiency and affecting the timeliness of reports.
- Sometimes there is financial data that is tracked outside of the ledgers–we will recommend the appropriate combination of the ledger and financial reporting tools to capture and present the information for the required audiences accurately and on a timely basis.
Whether you’re a CFO or on the financial team of a nonprofit, our ebook will help you better understand the financial management process and the tools you need to succeed.