Payroll Impact on Grant Management

Payroll Impact on Grant Management

Proper payroll accountability and reporting is a critical component of grant management. Yet, many nonprofits do not utilize a payroll service and are subject to manual tracking and reporting. A payroll service can significantly reduce grant management administrative...
The story of a nonprofit’s bookkeeping challenge

The story of a nonprofit’s bookkeeping challenge

If you are like most nonprofit businesses, you are keenly aware of the financial and bookkeeping challenges it takes to successfully run your business. A nonprofit’s day to day operations are the same as any other business but you need to make especially smart hires...
What does Financial Management Services Include?

What does Financial Management Services Include?

Financial management is one of the most important aspects of your business because it is how you will make all of your business decisions. Financial management consists of: Accurate bookkeeping Separate accounts to track your business Clear policies/procedure Business...
Nonprofits and their Financial Statements

Nonprofits and their Financial Statements

Nonprofits need to be as concerned and dedicated to their financial statements as any for profit business. Nonprofits are a business that operate for their mission and still need to review and evaluate their financial statements for the health of the organization....

Nonprofit Financial Policies

The Board of Directors have a fiduciary responsibility to the agency and its donors. All assets need to support the mission of the agency and ensure the donor’s intent. All boards should adopt this structure for ideal financial management. Policies will help to...