Remove Budget Remove Finance Remove Training
article thumbnail

4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

Its why we partner with MyFedTrainer.com to deliver grant writing supports and training on both the pre-award and post-award side of things. Effective grant management goes beyond tracking funds in your CRM its also about budgeting effectively, prioritizing programs that need financial support, and delivering timely reports to grantmakers.

Finance 52
article thumbnail

Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting

Blackbaud

As a nonprofit finance professional, you want all your data to be accurate. Discrepancies and Budget Overruns Manual time tracking and payroll allocation can result in discrepancies between recorded time and payroll provider data. These discrepancies can lead to budget overruns and difficulties in managing funds effectively.

Grants 102
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Introduction to Nonprofit Program Budgets

Grant Writing Made Easy

At our most recent Grant Writing Made Easy workshop, we did a deep dive into nonprofit program budgets. Of all the topics I teach inside the course, the budget is the one that students have the most anxiety and confusion around. (By Follow this 3-step process for creating nonprofit program budgets. Understand the key terms.

Budget 98
article thumbnail

How to create your new nonprofit’s first budget

Get Fully Funded

When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. Without a budget, you can find yourself in deep water, fast, with more money going out than coming in.

Budget 98
article thumbnail

CRM Integration for Nonprofits and Schools: Helping Organizations Save time and Eliminate Errors

Blackbaud

It helps you better understand your donors, keep them engaged, and work more efficiently with your finance, marketing, programs, and leadership teams. Integrating finance and fundraising makes reconciliation easier and helps improve donor stewardship. Volunteer management platforms: Keep all your volunteer information in one place.

CRM 95
article thumbnail

Best Practices for Mitigating Fraud in Not-for-Profit Organizations

Blackbaud

Low Rate of Fraud Awareness Training NFPs have the lowest implementation rate of fraud awareness training , per the Association of Certified Fraud Examiners (ACFE). Couple this with the fact that many smaller NFPs have volunteers in key roles without adequate skills, experience, or training and you are creating a recipe for disaster.

article thumbnail

The Role of AI in Fund Accounting: How Blackbaud is Driving Innovation and Efficiency

Blackbaud

A Director of Finance at a nonprofit shared this sentiment with us during our research on the value of AI in fund accounting. It can create real value—when you’ve taken precautions on how the tool is trained. What Do Nonprofit Finance Professionals Want from AI? The future of nonprofit accounting is analysis. Not bookkeeping.

AI 105