Posts by Community Brands
How Your Team Can Master Software Training
Reading Time: 5 minutesProper training on new software — especially accounting solutions — can help your charitable organization ensure its team is meeting high standards and using the system correctly. With proper planning, you can set your nonprofit up for success and maximize the takeaways your personnel attains when training is complete. Below, we look at the key…
Read More12 Benefits of a Paperless Office for Nonprofits
Reading Time: 4 minutesWhile paper was the standard in nonprofit offices for many years, investing in a paperless office format can help boost your operation’s efficiency, communication, and security. Paper can be convenient, but with America using 30% of the global paper supply, switching to digital is essential for organizations that want to maximize their operation. Finding ways to…
Read MoreCreating a Nonprofit Procurement Policy
Reading Time: 4 minutesProcurement is always top of mind for nonprofit organizations, and finding ways to streamline and improve these policies can help yours thrive. We are breaking down the key considerations for creating a procurement policy for nonprofits that benefits and enhances your overall mission. Importance of Effective Procurement Practices Nonprofit organizations rely on strategic and effective procurement practices…
Read More5 Action Items for Nonprofit Boards
Reading Time: 4 minutesA nonprofit’s board of directors guides important decision-making to steer the organization toward success. If your board seems disengaged or inefficient, a few tips can help them get back on track to do amazing things for your mission. These practical action items will help your nonprofit board stay organized, create a clear vision, and supercharge…
Read MoreHow Nonprofit Teams Can Reduce Complexity
Reading Time: 5 minutes If you dread working with your nonprofit’s financials, they might be unnecessarily complex. Financial complexity can cause problems that range from confusion to legal issues. Simplifying this aspect is an essential part of setting yourself up for success and allowing you to focus on achieving your group’s mission. Reducing complexity can come in many…
Read MoreWhat Is the Governmental Accounting Standards Board (GASB)?
Reading Time: 4 minutesLocal governments may need to adhere to the financial reporting and accounting standards set by the Governmental Accounting Standards Board (GASB). The GASB sets the generally accepted accounting principles (GAAP) to promote consistent, clear financial reporting among government entities. If you are concerned about whether your government organization adheres to the GASB standards, turn to…
Read MoreIs Accounting Data Security Reliable on the Cloud?
Reading Time: 5 minutesMany organizations use cloud systems to store their accounting data. It is cost-effective, gives you flexibility, increases the capacity to store data and allows you to back up data in case it’s accidentally lost or deleted. Cloud accounting security is a genuine concern for any organization. Keeping your confidential information safely and securely will protect…
Read More7 Benefits of Workflow Management Systems
Reading Time: 5 minutes Organizations are gradually moving toward automated workflow systems. Larger organizations are more likely to integrate automated workflow software, but smaller organizations are also prioritizing this migration. Around 65% of smaller companies that have integrated workflow automation reported success, compared to the 55% of larger organizations that noted success. Workflow automation benefits all organizations across every industry and…
Read MoreWhat Is a Fixed Asset in Accounting?
Reading Time: 5 minutesIf you run a nonprofit, understanding your organization’s fixed assets is crucial to managing your revenue and making informed decisions. Fixed assets are an essential part of any organization, and they play a critical role in determining your long-term financial stability. Below, we define fixed assets and cover best practices for fixed-asset accounting. What Is…
Read MoreABCs of Fund Accounting for Nonprofits
Reading Time: 6 minutesManaging finances is a critical aspect of nonprofit organizations, and accurate and transparent accounting practices are essential for maintaining trust and accountability. One key accounting approach specifically designed for nonprofits is fund accounting. Discover the basics of fund accounting below. General Accounting vs. Fund Accounting General accounting and fund accounting are two distinct approaches to…
Read MoreStop Time-Consuming Reporting in Human Service Organizations
Reading Time: 5 minutesAs a valued team member of a nonprofit or human service organization, you know reporting is essential to maintain finances and compliance. Still, it can often become tedious and time-consuming, and when it comes to reporting and accounting services, too much manual work can extend the bookkeeping process and even lead to fraud. Research shows…
Read MoreHow to Maximize Your School Budget
Reading Time: 6 minutesAs a school administrator, you have many responsibilities on your plate. From creating the schedule for the school year to organizing student events to hiring and training new staff members, it can be easy to lose sight of priorities like budgeting amid a hectic semester. However, school budgeting is one of the most important things…
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