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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. Maintaining compliance can protect existing funding, as well. The Importance of Accurate Time Allocation for Nonprofits Accurate time allocation is a cornerstone for nonprofit organizations, especially those with grant funding.

Grants 102
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How to Develop Your Nonprofit Operating Reserves

Blackbaud

The real takeaway here is to be able to articulate why the operating reserve fund exists for your organization and clearly understand the purpose, rather than getting hung up on the aggregate number. The more dependable and regular your funding is, the less risk you have and the lower your reserves can be.

Contracts 103
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What’s New and What’s Next: Why Your Finance Team Should Attend bbcon 2024

Blackbaud

There are several exciting times of the year for nonprofit finance professionals—budget season, audits, year-end close. 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.

Finance 105
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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

To meet those requirements, you’ll need to be able to successfully track and manage your grants and effectively report on how you allocated these funds. If you are a grant-funded organization, it will be important to manage spending restrictions and meet reporting requirements. Tracking: Cut Out the Spreadsheets!

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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Grant funding looks beautiful in your income statement, but if you’re not careful, the reporting requirements can be prickly. In our webinar with Rachel Werner and James Spencer from RBW Strategy, they covered steps to help nonprofits that receive—or are looking to start receiving—government grant funding.

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Do we have the funds this year to maintain our programs? Most organizations face frequent budget cuts, which creates organizational uncertainty and a scramble for new funding options. Calculating indirect costs can be challenging. Let’s face it—budget planning can cause a lot of stress and anxiety for nonprofits.

Finance 119
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Like an emergency fund for your organization, an operating reserve allows you time to make data-driven decisions instead of having to react immediately.