article thumbnail

Ensuring Continuity: Succession Planning Strategies for Nonprofit Finance Teams

Blackbaud

Many organizations are finding it difficult to fill roles, especially in the finance department. Proper planning can allow your finance department to withstand any type of staff turnover or mobility in stride. But recently, increased demand for services and fewer people interested in joining nonprofits has made the situation worse.

Finance 104
article thumbnail

How to Streamline Your Data Entry and Reconciliation Processes with Integrated Fundraising and Finance Solutions 

Blackbaud

By integrating fundraising and finance systems, information flows easily from gift records to journal entries, saving time, reducing the risk of fraud, and simplifying audits. Here’s how a connected fundraising and finance system can simplify reconciliation for nonprofit organizations, and what it would look like in practice.

Finance 96
Insiders

Sign Up for our Newsletter

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

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. Thats why were thrilled to bring these tactical tips to you from Jitasa to help broaden your understanding of grant management.

Finance 52
article thumbnail

Build Trust by Integrating Your Fundraising and Finance Systems

Blackbaud

This seamless flow of information is truly incredible, particularly when the data exchange is between finance and fundraising. When you unite your fundraising and finance systems, efficiency is simply the first win of many. Or, if a donor wants to know where their funds are going, pull up an accountability summary of the gift.

Finance 78
article thumbnail

Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

Effective financial management is critical for your nonprofit to grow and thrive long-term. One important but sometimes overlooked step in future planning is ensuring proper nonprofit financial management. According to Jitasa , most nonprofits start out using the cash accounting method to track their finances—i.e., Methodology.

Finance 148
article thumbnail

How Nonprofits Can Manage Cash Flow During Financial Challenges

Blackbaud

Here are a few of his suggestions for tracking and managing your cash flow, along with strategies to help your nonprofit stay flexible during times of financial uncertainty. How to Manage Your Cash Flow Managing cash flow effectively requires the right tools and practices.

article thumbnail

8 Tips for Using Technology to Manage Church Finances

NonProfit PRO

Free eBook to 8 Tips for Using Technology to Manage Church Finances.

Finance 98