Posts by Kassandre Kallen
Simplifying The Municipal Accounting Process
Reading Time: 4 minutes Accounting looks different for municipalities than for private companies and organizations. Municipalities often have multiple sources of funding, from taxpayer dollars to grants. They also have to abide by a more stringent set of accounting standards established by the Governmental Accounting Standards Board (GASB). In addition to complying with the GASB, municipalities are accountable to their citizens.…
Read MoreThe ROI of Time Saving and Staff Retention With a Fund Accounting Solution
Reading Time: 4 minutes Time is money, and that holds true in the nonprofit and for-profit world. The less time your organization needs to spend on repetitive tasks, the more time it has to focus on achieving its mission and raising the funds you need to ignite change. The less time your organization spends hiring employees, the more time…
Read MoreMaking HR’s Job Easier and More Efficient
Reading Time: 5 minutes Your HR team handles many essential tasks for your organization, from planning and overseeing employee onboarding to managing payroll. These five tips can help you learn how to streamline HR processes for more efficient approaches that affect your entire organization. 1. Automate Payroll Processes Payroll is a significant duty many HR departments take on. Depending…
Read MoreHow Art Organizations Can Increase Donations
Reading Time: 4 minutes As an arts and culture organization, you need to know how to increase donations because of the limited and decreased government funding to arts, culture, and humanitarian organizations. Individual giving, too, tends to be in flux throughout the year and from year to year. When the state of the economy leads to fewer donors, nonprofit organizations need…
Read MoreHow Software Can Make Compliance Reporting Easy for Arts, Culture, and Humanity Organizations
Reading Time: 4 minutes Compliance reporting is essential for any organization, but especially for nonprofits. Manual processes become more challenging and slow productivity as your organization grows, making it tricky to analyze your data. Nonprofit accounting software can help your arts, culture, or humanities organization with compliance reporting. You can readily manage an increased demand for services, several funding…
Read More5 Reasons Your Nonprofit Needs Fund Accounting Now
Reading Time: 4 minutes As a nonprofit, you’re looking to be a good fiscal steward of the funds raised to remain viable and continue working to accomplish your mission. Look at your organization’s tech stack. Is it working with your finance team or against it? A fund accounting solution helps your organization show how it responsibly manages funds. The…
Read MoreBenefits of Generating Real-Time Data for Arts, Culture, and Humanity Organizations
Reading Time: 4 minutes Real-time data generated for arts, culture, and humanities organizations can offer several benefits. These organizations face unique challenges, including real-time visibility, compliance reporting, and the generation of outcome metrics. To advance your mission and save time on administrative tasks, you may want to invest in nonprofit fund accounting software. MIP Fund Accounting® can automate your…
Read MoreHow Nonprofits Are Handling Turnover and Engagement Issues
Reading Time: 4 minutes Today, employee turnover in nonprofit organizations is a growing problem. The Great Resignation hit the nonprofit sector hard during the pandemic. However, organizations were already facing difficulty retaining employees because of low pay and long hours. Though many people choose to work in the sector to help people and make an impact, this hasn’t stopped them from…
Read MoreEstablishing Financial Accountability in Your K-12 School District
Reading Time: 5 minutes Establishing financial accountability through budgeting is an essential part of K-12 school district accounting. Think of your school budget as a financial plan to help you achieve institutional objectives. A successful budget should include an expenditure framework, revenue plan, and educational strategy. These factors will help you take appropriate actions according to the financial plan…
Read MoreMIP Fund Accounting Makes $1M in Technology Grant Available to Celebrate 40th Anniversary
Reading Time: 3 minutes From floppy disks to the nation’s leading nonprofit cloud-based, SaaS fund accounting software, MIP commemorates four decades of innovation.
Read MoreTips for Your Next Nonprofit Audit
Reading Time: 4 minutes Preparing for an audit is a year-round task and requires your nonprofit’s full attention. While you may not be required by law to conduct an audit, the process has several undeniable benefits. Audits can: Show you’re a good financial steward of the funds your donors and grantmaking organizations provide Reassure your supporters that your nonprofit…
Read MoreKeeping External Stakeholders Engaged and Informed
Reading Time: 4 minutes Ways to Engage Stakeholders Communicate Concisely and Clearly Methods and Technologies External stakeholders include those affected by your organization who have reasons to want it to succeed. This could be your clients, customers, investors, suppliers, community, and others impacted by the work you do. For your nonprofit to perform well, it is essential that you…
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