Posts Tagged: "financial system"
February 23, 2017
A Practical Guide to the FASB ASU 2016-14 for NonprofitsLast 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…
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 This often leads to outdated financial management systems for nonprofit organizations who choose to hang on to their legacy systems in an effort to save money.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…
November 17, 2016
How Nonprofits Optimize Giving Tuesday with the Right TechnologyWith 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…
March 17, 2015
Why Evaluating and Reconfiguring Your Financial Management Software is CriticalWhy 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…
