Accounting (10)

What Steps to Take in Preparation for 2021

If you are a nonprofit organization looking to improve things in the future, the first thing is to ensure that you know what the future holds and devise a good strategy to address the concerns. While forecasting may not be correct always, as in the case of 2020, which remains the most challenging year for fundraisers as it is for all industries, predicting the future still has many benefits. In this article, we give tips on steps to take in preparation for 2021. 


AccuFund Publishes New EBook: The Trust Factor and Nonprofit Financial Management.

AccuFund, Inc. provider of financial reporting and accounting software for nonprofit organizations, today published its new EBook, “The Trust Factor and Nonprofit Financial Management” to help nonprofits identify key factors for building and protecting the trust that ultimately ensures their missions.  


Special Report: Modern Accounting Solutions Bring Efficiency

2016 Fund Accounting CoverThe demand for nonprofit transparency and accountability has intensified. Funders and donors alike want to see evidence of optimal stewardship. This demand goes beyond simply showing that funds have been spent as intended. Donor and funders want to see the granular impact of the money spent.

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Special Report: CFOs Look to Endowment Management Technology

2016 Endowment CoverThe start of 2016 has not been a good one for the financial markets.  For many, the downward trend brings back painful memories of the great reset of 2008 and 2009.  For organizations relying on the revenue generated by endowments, this may impact the amount of funds available for the programs, scholarships, research and other activities to which they’ve committed financial support.
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Sponsored by: AF ANY


Special Report: Does the Cloud Forecast Change for NonProfit Fund Accounting?

2015 NPTech News Fund Accounting Special Report
The availability of robust nonprofit software solutions in the cloud means there are more choices for organizations as they look for new fund accounting software solutions. With the entry of cloud applications to compete with on-premise solutions, does it make the decision-making process more complex for nonprofits as they look to replace aging systems or systems they have simply outgrown?


Sponsored by:

AccufundLogo   Financial Edge NXT

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Fund Accounting: Convergence and Transparency

Fund Accounting Special Report 2014It is notable that 40 percent of the nonprofits are upgrading hardware or software to improve organizational efficiency. Three major technology trends include the move to the cloud, the increased use of mobile applications and online giving

 Fund Accounting Special Report 2014

 Sponsored by: AccufundLogo


Fund Accounting Roundup 2014

Whether your organization has chapters all over the country or is a small grass roots project with just one office and a small staff, the success of your organization depends on careful monitoring of finances.


Special Report: Fund Accounting, The Cloud and Accountability

The Internal Revenue Service estimates that there are more than 1.5 million organizations in the United States that qualify as tax-exempt under Section 501(c) of the US Tax Code.  That’s a decline of some 22 percent over 2010 levels, and despite a recent increase in applications for some types of tax-exempt entities, it is clear that the challenges facing Nonprofit organizations are intensifying.

  • 42% of survey respondents report that they do not have the right mix of financial resources to thrive and be effective in the next 3 years.
  • 1 in 4 nonprofits has 30 days or less cash-on-hand.
  • Over the next twelve months, 39% plan to change the main ways they raise and spend money.
  • 23% will seek funding other than grants or contracts, such as loans or investments.

Fund Accounting Special Report Sponsored by: Accufund  


Fund Accounting - Keeping The Money Straight

Proper accounting is critical to the success of any organization, but it is handled differently with nonprofit groups. While both nonprofit and for profit organizations may be looking to increase their assets, the nonprofit approach of fund accounting has the primary goal of keeping the system highly accountable for the money that is held by the organization, and not simply with growing it further. Read more...

Fund Accounting for Nonprofit Organizations, Software Roundup

roundupFund accounting is something that pretty much every nonprofit organization has to deal with in one way or another.  Basically, it is used in a way that emphasizes accountability rather than profitability. Nonprofits are required to use their financial statements and reports as a means to demonstrate how money is spent, rather than to account for profits earned.  Oftentimes, they will have multiple funds to manage, depending on the reporting requirements for the account or funding source.  A nonprofit's financial success isn't defined by profit, but rather by financial clarity that shows how the organization works to maximize the impact of every dollar received.


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