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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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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

Funding 96
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Like an emergency fund for your organization, an operating reserve allows you time to make data-driven decisions instead of having to react immediately.

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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 102
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Collaboration—Love it or Hate it?

Grant Professionals Association

I’ll bet right now some of you are getting ready to write an angry response—and I’ll bet some of you are thinking, “Oh, I’m so glad someone finally admitted it!” I’ve even negotiated that none of us ask for Indirect Costs so all the money goes directly to the program! I hate collaboration. There, I said it. Absolutely not.

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

Blackbaud

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. Are you ready to really understand how to get the most actionable data out of your fund accounting system?

Finance 87
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How to write a winning grant proposal

Candid

Like climbing a mountain, it helps to have a path to follow to reach its summit, or in this case, a map of sorts to guide you to your desired destination—a compelling proposal that unlocks funding to advance your mission-driven work. In this section, you will also want to detail the revenue sources you are planning to use to fund the project.