article thumbnail

What’s New and What’s Next: Why Your Finance Team Should Attend bbcon 2024

Blackbaud

Whether you want to hear about product updates like automated payments and AI or brush up on fund accounting best practices, you don’t want to miss these bbcon 2024 financial management sessions. Members of the Financial Edge NXT product team will present on how automated payments and AI advancements are coming to your accounts payable.

Finance 105
article thumbnail

The Essential Guide to Nonprofit Budgets in 2024

Grant Writing Made Easy

Technology, especially AI, is crucial in enhancing budget accuracy and financial management, enabling more dynamic resource allocation. Components: Direct Costs: Expenses that are directly tied to the program, such as materials, staff salaries specific to the program, and direct operational costs. We use AI for a lot of things!

Budget 52
article thumbnail

Learn How to Write Grants

Grant Writing Made Easy

Itemize and justify each cost associated with the project, from direct costs like materials and labor to indirect costs such as administrative expenses. Budget: A clear and detailed budget is essential to assure funders that their money will be spent wisely.