March 10th, 2014
Part 4 in our blog series: Tied Up in the Strings Attached to Federal Awards? Streamline compliance with A-133 Audit Rules.
In this post, we address tracking purchased equipment and real property, ensuring you are safeguarding your equipment and even being compensated for your share. Read more…
March 6th, 2014
In December last year we shared some inbound marketing tips for nonprofits. In this piece we will cover the basics of email marketing, which should form part of your overall marketing strategy
Why should nonprofits use email? Email marketing can help support fundraising efforts, raise awareness for your causes, keep your community up-to-date with events, activities and milestones, and help enlist volunteers. By following some simple guidelines and adding your own voice, your organization can get the best out of your email communications.
March 3rd, 2014
Part 3 in our blog series: Tied Up in the Strings Attached to Federal Awards? Streamline compliance with A-133 Audit Rules
In this post, we address managing funds and tracking the eligibility of recipients, ensuring you are compliant and keeping you and your auditor happy.
February 26th, 2014
Social media has changed the way we communicate. It’s no secret that smartphone usage is increasing, leading to the evolution of the mobile web. All these factors present new opportunities for philanthropic organizations to explore new donation avenues. A key sector trend, we also touched on this subject in January.
Online charitable giving has already seen an increase in the last decade or so, with the establishment of organizations such as Kiva, JustGiving, IndieGoGo and GiveMob. Crowdsourcing and crowdfunding are popular, simple ways for organizations and individuals to send and receive donations for projects and causes. Further to this, Facebook recently implemented the Donate button, and PayPal offers the opportunity for donations both on your own website and across third-party websites. Nonprofits can take advantage of these opportunities to enhance their fundraising activities with minimal cost, implementation and management. Read more…
February 24th, 2014
Part 2 in our blog series: Tied Up in the Strings Attached to Federal Awards? Streamline compliance with A-133 Audit Rules
In this post, we address tracking allowable activities and costs for your federal awards, ensuring you are compliant and not increasing complicated business processes.
Federal award recipients must pay careful attention to application details and award requirements. It is the duty of the nonprofit to use funds only for allowable activities and to properly track and accumulate transactions related to these activities. In many cases, an organization must not only be able to show compliance after the fact, it must also be able to show evidence of internal guidelines that foster an environment of compliance.
In addition to coding transactions appropriately, your nonprofit accounting software should provide ample notes and file attachment features that create a complete and accurate picture of expenditures.
Potential complication: The auditor will seek to identify the types of program activities which are either specifically allowed or prohibited by the laws, regulations, and the provisions of contract or grant agreements. Read more…
February 19th, 2014
A world without paper; what would that be like? It may not be too far into the future, with the increase of eReaders, Tablets, and Mobile Internet and Apps. It is growing evermore commonplace for organizations to reduce the amount of paper they use. Not only is this an ethical approach to modern business practice, but it can also help streamline processes.
Using a cloud-based or on-premise system where documents can be viewed and collaborated on by multiple users in real-time, and from any location, can provide this paperless world many aspire to and increase productivity. Rather than spending endless man hours tracking down files, staff can update documents quickly and securely, reducing the margin for error, and providing accurate information at the touch of a button. Plus, paper-based processes can be laborious and expensive, unnecessarily wasting resources and creating a lengthy and confusing paper trail. Read more…
February 17th, 2014
Federal awards always come with strings attached. When awards exceed $500,000, they include a mandate that the recipient undergoes an A-133 audit. This audit has one primary purpose: to provide evidence that the recipient has complied with award requirements. For nonprofits that wait until the end of the year to create or accumulate records in support of their compliance efforts, preparing for the audit can be a nightmare. But for organizations that take a more proactive approach and rely on their financial software for help in streamlining processes, while also managing and documenting compliance for awards of all types, documentation is the easy part. These nonprofits and NGOs will spend more time at year-end trying to locate a free workspace than gathering evidence for the auditor.
Dealing with the federal government is complicated enough. Award recipients needn’t be in a position where the cost of compliance exceeds the value of the reward. With the right financial management software, staying compliant doesn’t have to mean increasingly complicated business processes.
Follow this blog series to learn how to streamline compliance with A-133 audit rules. Read more…
February 12th, 2014
In a crisis, decisions must often be made quickly, and with accurate, up-to-the-minute information. With the changeable nature of nonprofit activities and projects, it is essential that a solid crisis management plan is in place. Here are four points for nonprofits to consider when tackling crisis management. Read more…
February 10th, 2014
We recently spoke with Martin Lampner, President for Chimes International, who shared why they wanted to upgrade their nonprofit financial management software.
Chimes and its subsidiaries, the Chimes Family of Services, offer a wide range of support for people with disabilities and special needs – from employment and educational programs to residential and behavioral health services. For more than six decades, the organization has helped more than 17,000 people each year in six states, the District of Columbia and Israel by emphasizing and promoting the unique abilities of individuals while achieving and sustaining each person’s well-being and independence.
February 5th, 2014
A recent study by Oracle has shown that Generation Y (or the “Millennials”) is a generation of conscientious, caring and giving citizens of the world. It therefore makes sense for nonprofits to harness their energy, know-how and donor potential. There’s a multitude of ways in which the younger generation can provide great value to nonprofits; we’ve listed our top five reasons to embrace Generation Y below. Read more…