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

Blackbaud

So how can you minimize these errors and create data entry policies for your users? With a fund accounting software system designed for nonprofits, you can fully track all your grants, especially restricted grants, in one place. The more manual data entry you do, the more errors can creep into your accounting system.

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How to Develop Your Nonprofit Operating Reserves

Blackbaud

if the organizations mission involves disaster relief) Dependence on one key person Obligations resulting from your commitments to a donors purpose restrictions Amount of unsecured debt carried by the organization Fund Accounting Software that Drives Impact Find out how Blackbaud’s Financial Edge NXT fits your organization.

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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Pre-Award Preparation Have certain policies and processes in place before applying for a grant so you can be confident you meet their requirements and there are no surprises. Tip 1: Have your leadership drive the conversation on grant funding and the policies associated with this revenue stream. Update your policies accordingly.

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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. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs.

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TechSoup Global Goes to Congress (Again)

Tech Soup

We engage any and all high-tech companies that may be interested in donating or discounting their software, hardware, tech support, or cloud services. " It was all about how policy decisions on handling e-waste could improve the economy via environmental stewardship. What Policy Makers Want and What I Advocate. are reused.

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Understanding and Managing Nonprofit Overhead Costs

Greater Giving

Also called administrative or indirect costs, theyre typically not tied to specific programs or activitiesmeaning they indirectly support your mission. Use accounting software to create a chart of accounts that separates overhead and program expenses. Track overhead. Negotiate with vendors.

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Net Tuition Revenue (NTR) for Private K–12 Schools

Blackbaud

A clearly communicated financial aid policy is crucial and regular reviews help schools maintain optimal NTR while meeting accessibility goals. Refine financial aid allocation: Balance full-pay vs. partial-pay students strategically to achieve enrollment goals without over-discounting. Can donor contributions impact net tuition revenue?

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