Posts by Community Brands
Automate Your Fund Accounting And Serve Your College Student Body
Reading Time: 4 minutesUniversities and colleges have different objectives than other nonprofit organizations and for-profit businesses. Where profit is the main objective for businesses, providing high-quality educational services within budget is the primary goal for colleges and universities. A fiscally responsible university or college should have a balanced budget in which expenditures fall within available revenue. If…
Read MoreHow Your K-12 School Can Perform a Successful Year-End Close
Reading Time: 8 minutesAt the end of the year, your K-12 school needs to perform a successful year-end close. For assistance, request a demo of MIP Fund Accounting.
Read MoreReducing Difficulty in Making Informed Decisions in Human Service Organizations
Reading Time: 5 minutesWant to reduce difficulty when making decisions at your human services organization? Learn four essential strategies to help you make better decisions!
Read MoreAccounting and Fundraising — Optimizing Both Together
Reading Time: 5 minutesFundraising and Accounting Best Practices
Read MoreHow Robust Internal Controls Can Leverage Your Accounting Software for Better Audits
Reading Time: 9 minutesWith the right software and internal controls for auditing, nonprofits can support better results and efficient processes. Learn more with MIP.
Read MoreWhat Do Nonprofit Accountants Need in Accounting Software?
Reading Time: 9 minutesNonprofit accountants have a unique job. The nonprofit industry involves complex reporting requirements to maintain compliance while also reporting out on program, grant, service, fundraising or donor-specific needs to illustrate operational effectiveness towards mission realization. Nonprofit finance teams also ensure reporting and allocating for these is accurate across human resources (HR), procurement, and other aspects…
Read MoreCustomer Story Time: Why Nonprofits Turn to MIP Accounting
Reading Time: 3 minutesHear from customers why MIP Fund Accounting is a Top Rated TrustRadius for the 4th year in a row
Read MoreFall Fundapalooza: Tips for Accounting and Development Team’s Fall Fundraising
Reading Time: 3 minutesFall is a crucial time for donations, with many donors and nonprofits determining their year-end giving plans. This is also an important time to ensure your organization’s accounting and development teams are in tune with each other’s goals and needs. From budgets and planning to collecting donor information and accounting for fundraising dollars, your organizational…
Read More5 Tips to Achieve Your Nonprofit’s Goals
Reading Time: 8 minutesEach nonprofit is unique, with its own landscape of objectives, challenges, and potential donors. Whatever your goals look like, you’ll need a thoughtful strategy to bring them to life. Spending some time on strategic planning for your nonprofit can help you ensure every activity ultimately supports your mission. Maximize your impact with these tips on…
Read MoreAvoiding Data Discrepancies in Nonprofit Audits With Automatic Reconciliation Software
Reading Time: 9 minutesLike for-profit businesses, nonprofits rarely look forward to audits. While combing through every detail of your financials, auditors look for many types of errors and inconsistencies. Depending on the issues and the type of audit, the ramifications of these errors can be significant, with increased costs, time commitments, and potential penalties. The more accurate your…
Read MoreDonation Management: Essential Accounting Practices for Nonprofits
Reading Time: 5 minutesNonprofits rely on donations to keep their operations running. However, nonprofit donations often vary from month to month and year to year. To manage your nonprofit’s finances strategically, you need a donation management system. Donation management includes steps like tracking donations, completing financial reports and communicating with donors. Learn more about donation management and five…
Read MoreBest Practices for Mastering Nonprofit Financial Statements
Reading Time: 5 minutesYour nonprofit financial statements keep donors informed about where money is going and how it’s being divided between different categories. There are four financial statements for nonprofits to use to track finances: In this post, we go over each financial statement, review its primary purpose and suggest areas of improvement. Unlike for-profit organizations, your statements…
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