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Protecting User Access To Automated Financial Systems
User Access Controls protect user access to automated financial systems. These controls restrict user access only to authorized users and only for the functions they need to perform their jobs. Effective user access control practices…
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Protecting Your Nonprofit From Fraud
Financial fraud not only depletes an organization’s assets but also affects their reputation, once the fraud is publicly disclosed. Although nonprofit organizations do not anticipate being victims of fraudulent activity, they should be aware of…
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New Year’s Resolutions For Nonprofits
Happy New Year! Now is the time for the finance department of your nonprofit organization to set its goals for 2023. 6 Resolutions for Nonprofit Finance Departments Resolved: Distribute monthly financial statements by the 15th…
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Not Enough Time For Training Staff?
Finance department staff often perform their day to day functions routinely without having a basic understanding of critical areas within the department. Why are training workshops for finance staff important?
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Is Your Nonprofit Ready For Its Annual Financial Audit?
Completing a financial audit successfully and in a timely and cost-efficient manner requires proper preparation, which should be an ongoing process throughout the year. Below are several key steps that should be taken during the…
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Are You Effectively Managing Your Nonprofit’s Credit Cards?
In the new environment of remote or hybrid work, many nonprofits are implementing or expanding the distribution of their organizations’ credit cards. The risk of improper or fraudulent use of an organization’s credit cards can…
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Do Your Nonprofit’s Finance Operations Effectively Support the Mission?
Without efficient and effective finance operations, a nonprofit organization cannot successfully fulfill its mission, especially in today’s environment of inflation, staffing and supply chain issues. This means streamlining and improving your organization’s financial procedures. An…
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It’s Time For An Assessment Of Your Nonprofit’s Finance Operations
With cybersecurity concerns, the advent of remote working and the increased risk of fraudulent activity, an independent assessment of your nonprofit’s finance operations is essential. Perhaps your staff is too busy with day-to-day tasks and…
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A Recent Case: Embezzlement From a Nonprofit: Could This Have Been Prevented?
Could This Embezzlement Have Been Prevented A former employee of a nonprofit substance abuse rehabilitation center embezzled over $600,000 from the organization by stealing checks made payable to the organization from the desks of other…
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Building a Strong Finance Department Infrastructure: Is Your Nonprofit Ready For the New Reality?
The New Reality: Remote and Hybrid Work Finance departments are facing many challenges in this new reality The New Year brings a New Reality to nonprofit organizations. Working arrangements for staff, physical workspace and daily…