by MIP Team | Nov 9, 2020 | Nonprofit Accounting
Accounting tools for a nonprofit treasurer must fit their organization’s needs. Proper accounting tools can streamline a treasurer’s duty. With the right resources, their work will be more efficient, precise and strategic. Traditional resources include...
Read more
by MIP Team | Nov 9, 2020 | Nonprofit Accounting
The primary difference between nonprofit organizations and for-profit businesses is the way they acquire money. In a for-profit scenario, a company earns income by selling a product or service. Nonprofit organizations, however, make money through fundraising, donors...
Read more
by MIP Team | Aug 1, 2020 | Technology
Because accounting is different for churches, your religious organization’s accounting software handles different tasks than that of a program aimed at businesses. MIP offers software designed to perform fund accounting for religious organizations. This guide...
Read more
by MIP Team | Nov 25, 2019 | Nonprofit Management
There is no doubt that communicating essential financial information while maintaining a positive relationship with your nonprofit board is critical to the success of your organization. Enabling the board with timely and accurate information not only allows them to...
Read more
by MIP Team | Oct 1, 2019 | Nonprofit Accounting
We’re coming up on budget planning and preparation season! The budget for your nonprofit is always on your mind, right? Budgeting can seem tricky and stressful, mainly because the National Council for Nonprofits describes the annual budget as “one of the fundamental...
Read more
by MIP Team | Oct 1, 2019 | Funding
What is Grant Management? Grant management is all of the processes and methods organizations go through to use and fulfill the requirements of a grant. Grants are essential sources of revenue for most nonprofits. They’re critical for your mission but carry with them a...
Read more
by MIP Team | Oct 1, 2019 | Nonprofit Accounting
We’re at the half-year review mark of the budget lifecycle. Have you observed anything over the last six months that should be automated? Do you believe budget best practices are being incorporated, or have you identified ways to improve the budget process? Let’s...
Read more
by MIP Team | Oct 1, 2019 | Security & Compliance
What Is Check Tampering? Check tampering is a type of fraud that occurs when an employee steals an organization’s funds by intercepting, forging or altering a check drawn on one of the organization’s bank accounts. The following bullet points would be considered check...
Read more
by MIP Team | Oct 1, 2019 | Security & Compliance
I once worked at a big-box store during the Christmas season. My biggest surprise was how many people steal and how clever they can be with their deception. Fraud for nonprofits is even more devastating. Negative publicity and possible loss of funding are consequences...
Read more
by MIP Team | Sep 18, 2019 | Security & Compliance
In the association world, where deadlines are pressing and time is of the essence, procrastination can become a hinderance on your organization. National Fight Procrastination Day is September 6th, so it’s time to quit putting off those small tasks that can make your...
Read more
by MIP Team | Sep 11, 2019 | Nonprofit Management
While many businesses have a primary objective of raising as much money as possible for shareholders, life in a nonprofit or government organization is quite different. You’re not trying to boost those profits through the roof – your goal is to make as much difference...
Read more
by MIP Team | Aug 27, 2019 | Nonprofit Accounting
There’s nothing simple about managing the financials of an association. The day-to-day challenges of collecting membership dues, budgeting and reporting can easily turn your job into one hectic spreadsheet. The right accounting software is the difference between a...
Read more
