Posts Tagged: "financial system"

A Practical Guide to the FASB ASU 2016-14 for Nonprofits
February 23, 2017
A Practical Guide to the FASB ASU 2016-14 for Nonprofits

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…

Cloud Accounting Software: Everybody’s Doing It, Should Your Nonprofit?
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 This often leads to outdated financial management systems for nonprofit organizations who choose to hang on to their legacy systems in an effort to save money.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…

Case Study: Nonprofit Finds Accounting Software Solution for Their Unique Financial Structure
November 23, 2016
Case Study: Nonprofit Finds Accounting Software Solution for Their Unique Financial Structure

Founded in 1974, Samaritan House is a nonprofit social services agency in San Mateo County, California, providing multiple services and programs for individuals and families in the community. The nonprofit serves approximately 12,000 people per year and manages all financial aid requests, validation, and disbursements across eight agencies in the county. With highly specialized accounting…

How Nonprofits Optimize Giving Tuesday with the Right Technology
November 17, 2016
How Nonprofits Optimize Giving Tuesday with the Right Technology

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…

Case Study: Nonprofit Streamlines Financial Management & Reporting
October 28, 2016
Case Study: Nonprofit Streamlines Financial Management & Reporting

A cloud-based financial management system offers an efficient and accurate solution for a non-profit organization to accelerate accounts payable, expense management, and reporting. Children’s Tumor Foundation (CTF) is a national nonprofit leading the force to find a cure for Neurofibromatosis, a genetic disorder that affects 1 in every 3,000 people. The foundation is based in…

Why Evaluating and Reconfiguring Your Financial Management Software is Critical
March 17, 2015
Why Evaluating and Reconfiguring Your Financial Management Software is Critical

Why is everything so hard?   Things used to be great.  The data entry made sense.  The reports were all configured to give us exactly what we needed.  Month end processes were efficient, routine and predictable.   Now it seems like we’re doing more and more offline in Excel spreadsheets.  Coding is confusing.  Month end is…

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