Remove Insurance Remove Policies Remove Software
article thumbnail

GAAP for Nonprofits: How to Reconcile GAAP and Non-GAAP Results

Blackbaud

So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting. Kudos to your development team for getting the payout from an insurance policy of a 45-year-old. How Development and Finance Can Get Along (Really!)Does

Insurance 103
article thumbnail

4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

However, you can strategically cut other administrative costs by: Evaluating your organizations insurance plan to ensure youre getting the right amount of coverage for the best price. Solution: Invest in Dedicated Accounting Software As soon as its feasible given your nonprofits budget, add an accounting platform to your tech stack.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Maintaining nonprofit compliance with fundraising software

GiveSmart

With the help of a high-quality fundraising software solution, your nonprofit can stay organized and ensure every important need is met to continue growing and serving your mission. We are breaking down compliance considerations for nonprofit organizations and the ways fundraising software can help streamline compliance management.

article thumbnail

How to Improve On-Time Tuition Payments

Blackbaud

However, before a business officer offers flexibility, it’s essential to have rules that define the terms of tuition payment and processing and have school leadership fully support those policies. Having that contract roll from the school’s admissions software into its tuition management system helps eliminate chaos and confusion.

Contracts 105
article thumbnail

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. Watch an on-demand product tour today.

article thumbnail

Impactful Legacy Giving Benefits for You and Your Donors

The Fundraising Coach

Life insurance: Donors can list your organization as a beneficiary on their life insurance policy. Along with promoting the option, you can better tap into legacy gifts by investing in software that makes donating easier. They can also donate any unused retirement assets to your nonprofit.

article thumbnail

Ask Rita in HR: Should Murphy’s Law Be a Consideration in Making HR Decisions?

Blue Avocado

Age : A recent hire for an IT service company was having a hard time grasping some of the more updated software that needed to be serviced. Now, he can blame any problems on his injury, making it much more difficult to fire him in the foreseeable future. Things got busy, and the termination was put on hold for 10 days.