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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. They will discuss the importance of having both your development and finances teams involved in donor stewardship. Reporting is a key part of any finance professional’s role.

Finance 105
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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. Free Whitepaper What you need to know about calculating indirect costs for your nonprofit Learn how The post Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting first appeared on The ENGAGE Blog by Blackbaud.

Grant 102
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How to Develop Your Nonprofit Operating Reserves

Blackbaud

What the Nonprofit Finance Fund calls consistent surpluses is the best way to build reserve funds. There are several strategies your organization can use to budget and raise funds for your nonprofits operating reserve. The most successful method is to budget for operating surpluses annually.

Contracts 103
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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Relying on core policies that include both finance and program offices improves collaboration because everyone knows what their roles are and where the directive comes from. Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate. Receiving the Grant Award Congratulations on winning the grant!

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Develop a more accurate overall budget In collaboration with your organization’s finance committee, create a more accurate overall budget by using project or program-based budgets. Calculating indirect costs can be challenging. But it does need to be part of a larger, intentional conversation about being a revenue-wise organization.

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. Tip 2: Bring both your program and finance teams into the grant application and award process.

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

Blackbaud

Understand Your Indirect Costs Tracking and allocating your indirect costs is one of the most tedious aspects of grant applications and reporting. This is where tracking indirect costs directly on a grant record will guarantee you are accurately calculating reimbursements and staying on top of billing.