Posts Tagged: "budgeting"

5 Financial Best Practices for Nonprofits
November 9, 2021
5 Financial Best Practices for Nonprofits

Staying on top of your organization’s finances is extremely important, especially in the nonprofit industry – where every penny goes towards achieving your mission. Not only are a nonprofit’s financial decisions scrutinized by the Board, but nonprofits are also under the microscope of the public. Chyla Graham, President of CNRG Accounting Advisory, says, “if nonprofits…

Can Nonprofits Make Money?
July 22, 2021
Can Nonprofits Make Money?

In order to function and truly be successful at reaching its goals, a nonprofit must conduct itself as a business, and yes, that means making money It’s a common misconception that nonprofits must end their fiscal year with a balance of zero dollars, or close to it, in order to make their mission successful and…

FP&A for Growing Nonprofits: How Vena Excels
January 15, 2020
FP&A for Growing Nonprofits: How Vena Excels

If you’re at least somewhat struggling with the budgeting and planning process at your growing nonprofit, then chances are you didn’t stumble upon this article accidentally. If your organization hasn’t yet migrated to a full-scale Financial Planning and Analysis (FP&A) tool, then you’re probably either using the deficient integrated budgeting tool that came with your…

Integrating Systems to Reduce Financial Risk for Nonprofits
May 7, 2018
Integrating Systems to Reduce Financial Risk for Nonprofits

Nonprofit organizations demand a lot from their software. According to a 2015 survey conducted by Software Advice, a company that provides research and online reviews of fundraising software, nonprofits want greater functionality and tools from their investments. Not only that, they want their fundraising/donor management programs and other platforms to work seamlessly together. In fact,…

The True Costs of Nonprofit Budgeting with Excel
February 23, 2018
The True Costs of Nonprofit Budgeting with Excel

Excel is the go-to reporting and budgeting tool for countless finance teams, including financial planning and analysis (FP&A) professionals. In fact, there are more than one billion users worldwide—that’s about one in seven people! Excel is comfortable and familiar, but for growing nonprofits, it can be a real drag on your budgeting processes and productivity….

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