Nonprofits and organizations are starting to bounce back after the lost year that was 2020 and at this point in 2021 should be wrapping up their reporting for the Paycheck Protection Program (“PPP”). Many organizations chose to participate in this loan program to offset eligible payroll costs during the pandemic. The program is still open – but time is running out to apply. Continue Reading
Managing Money With Mission
Category Archives: Nonprofit support
Breakfast with Benefits May 2021: Nick’s Nonprofit Notions
As the head of Numbers 4 Nonprofits I faced the challenge of managing our company and people through the pandemic. With that experience and my 20 years of being a CPA and business owner, I thought I’d share some reflections so that others can learn from our experiences as well as hear my opinions… Continue Reading
Keeping Your “Bookkeeper” and Outsourcing Your Business Controls
Small to mid-sized businesses and nonprofits tend to default to having one person control all of the business’s accounting functions, known fondly as “the bookkeeper.” Oftentimes this bookkeeper ends up being the company’s owner or nonprofit organization’s executive director. Aside from the capacity challenges of a high-level employee managing the books when they should be… Continue Reading
Six Nonprofit Resolutions for the New Year
2020 certainly didn’t make for a stellar year for many nonprofit organizations. Will your organization keep the same resolutions for 2021 or consider new ideas to push for better sustainability after a trying year? As we all move forward, here are six resolutions you can easily implement for your nonprofit. Continue Reading
Three Accounting Best Practices for Nonprofits
Nonprofits don’t always consider the importance of proper accounting practices. What happens if your nonprofit makes money at the end of the year? Do you know if an employee or board member has a conflict of interest? Having solid accounting practices not only helps the overall success of your organization, but they are necessary for… Continue Reading