article thumbnail

4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

Note from Diane: You know how passionate our team is about thinking about your grant management work (your post-award work) to help strengthen your grant applications (your pre-award) work. 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.

Finance 52
article thumbnail

Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

In it, include guidance on gift acceptance, conflicts of interest, expense reimbursement, and staff compensation, among other aspects of nonprofit finance. According to Jitasa , most nonprofits start out using the cash accounting method to track their finances—i.e., Methodology. Chief financial officer (CFO). Bookkeeper.

Finance 147
Insiders

Sign Up for our Newsletter

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

article thumbnail

Register Now! Beyond the Ledger: Nonprofit Finance Summit

NonProfit PRO

Nonprofit leaders are invited to Beyond the Ledger: Nonprofit Finance Summit, a free virtual event on March 13. Earn free CPE credit, network with other finance leaders and get inspiration to optimize strategic planning, reporting, grant management and accounting operations.

Finance 89
article thumbnail

Questions to Ask If You Are Thinking About Moving to a New GMS

Blackbaud

Make sure you have the right people in the right roles to manage the switch. This includes a grants manager to handle day-to-day implementation tasks, as well as consistent leadership to support the change. If you don’t have the right people in place, you may consider postponing the move to a new grants management system.

article thumbnail

Grant Distribution Best Practices: 5 Tips for Funders

Blackbaud

Set a benchmark so any payments under that amount, such as $5,000, only need to be approved by the grants manager. Any payments over that amount need to be approved by the grants manager and a member of leadership. Establish tiered approvals for payments, just like you do for your expenses.

Grant 53
article thumbnail

Grant Management Magic

Grant Writing Made Easy

Finding the Perfect Software for Your Nonprofit Ah, grant management! In the vibrant nonprofit world, where grant processes seem to twist and turn like a labyrinth, having the right grant management software isn’t just helpful—it’s a game changer. Why Bother with Grant Management Software?

article thumbnail

Grow Your Mission: Foster Collaboration with Development and Finance Teams

GiveSmart

Nonprofits face countless challenges managing financial operations and harnessing full fundraising potential. While working towards accomplishing your organization’s mission, development and finance teams have different timelines and metrics. On average, nonprofit employees spend a third of their day managing data.

Finance 52