Fundamental Financial Procedures

A Guide for Nonprofit Organizations

Category: Infrastructure

  • Navigating Change: Optimize Your Nonprofit’s Finance Team

    Navigating Change: Optimize Your Nonprofit’s Finance Team

    Nonprofits today face significant challenges, including increasing staff turnover, workforce shortages and difficulties in attracting and retaining qualified finance professionals. These issues often result in unfilled positions or new hires still adapting to their roles, which can disrupt essential daily operations, delay financial reporting and heighten the risk of fraudulent activity.

  • Not Enough Time For Training Staff?

    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?

  • Building a Strong Finance Department Infrastructure: Is Your Nonprofit Ready For the New Reality?

    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 operations have changed. The changes present the following challenges:

  • Be Proactive Not Reactive: Preparing Your Nonprofit for Post Covid-19

    Be Proactive Not Reactive: Preparing Your Nonprofit for Post Covid-19

    Is your nonprofit’s finance department prepared to face the challenges of a post-Covid-19 world? Here are some of those challenges: Do not wait until a problem arises…It may be too late! Some questions your finance department should consider and actions they should undertake: ​ Did your operating processes change due to a downsized workforce? Review…