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Guide to Fund Accounting for Educational Institutions Accounting is complex for any educational institution. From kindergartens to prestigious universities, the accounting process requires close attention to detail and dedication to students. At MIP Fund Accounting®, our accounting software for educational institutions enhances the financial management experience. What Is Fund Accounting and When Is It Used? Nonprofit organizations […]
Guide to Fund Accounting in Healthcare Nonprofits What Is Fund Accounting? Fund accounting is a necessity for any nonprofit organization. As a specialized type of bookkeeping, fund accounting helps nonprofit leaders track their earnings, spending, and budgeting. It promotes transparency and accountability while tracking each individual fund separately. Using fund-based accounting software can simplify and […]
Waste and fraud can both lead to issues in a human service organization. If your organization is producing a lot of waste now, you can save money, contribute to corporate social responsibility, and demonstrate industry leadership by reducing waste. Along with waste, fraud is another issue that can have a significant cost for a human […]
The sooner your nonprofit starts thinking about scalability, the more prepared you will be when you’re ready to increase revenue, expand operating budgets or reach new communities by opening more chapters or locations. Scaling a nonprofit looks differently for each organization, depending on your team, industry, local community, mission, goals and available resources. However, some […]
Fund accounting is essential for any human services organization. While for-profit companies focus on profitability to measure financial health, human services nonprofits focus on mission fulfillment. Accountability takes precedence as nonprofits raise money and use funds for their designated purposes. Nonprofits must separate revenue sources into individual funds to ensure proper usage — the basis […]
Education is a central pillar of society, so much so that the government funnels billions of dollars into the education system every year. Public schools and colleges benefit directly from this funding, as they source a majority of their revenue from government grants at the federal, state, and local levels. Private schools, on the other […]
Digital Transformation for Educational Institutions Education’s value to society is priceless, yet issues with funding and infrastructure mean educational institutions often lag behind when it comes to adopting new technology. While some private schools may have sufficient resources to accommodate technology, many public schools have extremely limited funding. To support something like a digital transformation […]
Human services operations meet human needs. The field is broad — human service professionals work with both public and private institutions and nonprofits. Nonprofits need to be well-oiled machines to help as many people as possible. However, leaders in the nonprofit sector know all too well the barriers these organizations face. One of the top issues […]
Having internal controls in place is a key component to a successful accounting audit. How well equipped is your organization? This webinar will cover easy steps your organization can take to prepare for an audit, and then dive into internal controls that you might want to consider incorporating for your next audit.
Download this guide to bolster planning and insight toward perennial long-term growth and business process improvements for accounting within nonprofits. In this guide, we highlight the advantages of automating your nonprofit’s accounting system to ensure growth and expansion of your services and your mission.
The Budget module in MIP Fund Accounting brings incomparable functionality relating to comparing budget to actual, both on an organization-wide basis, and on either a grant, a program, or a departmental basis. It also provides powerful internal controls to reduce and prevent fraud. We'll explore this tool in-depth on this webinar.
Ready to hear the results we gained from your peers for our 2021 Nonprofit Financial Health survey? Hear from our EVP Susan Gilmartin, Nonprofit and Education Solutions and Brandy Keller, Senior Director, Product, reveal the data and results, and give you inspiring, data-driven insights for capitalizing on success in 2021!
Since 2002, CenClear Child Services, Inc., has relied on MIP as the end-to-end financial solution for their organization. A multi-module user they utilize 19 of the 26 MIP project modules. Read about their module success in accounting processes, ensuring accuracy, preventing fraud and automating compliance for the organization.
A sound budget is a must for any well-run and successful nonprofit. Working together, nonprofit staff and board members establish priorities and connect the budget to the organization's strategic plan. But that's only the beginning of the budget's lifecycle. Understand the critical components to and key considerations for the nonprofit budget review process.
Building the business case for a technology change starts well before you put a contract in front of your board. It requires a review of the goals and challenges of your organization, as well as the potential benefits a new software solution can provide. In this webinar, we’ll prepare you to speak confidently and accurately about why it’s time to invest in new technology.
For nonprofits, a sound annual budget is a necessity to establish priorities and allot resources for the coming year. Budgets must be continuously monitored and updated throughout the year to stay up to date with inevitable changes, whether that’s new funding, higher expenses, or even unexpected opportunities. During this webinar, you'll learn the critical components of a non-profit budget, budget review best practices, routine budget screenings and doing a six month checkup.