Surprise: Little Wins Motivate Employees Best
The best way to motivate employees, day-after-day and long-term, is by “facilitating progress – even small wins.” That’s the surprise finding gleaned from research detailed in the new book The Progress Principle: Using Small Wins to Ignite Joy, Engagement and Creativity at Work. Co-authors are Teresa Amabile and Steven Kramer. Amabile is the Edsel Bryant Ford Professor of Business…
Are You Eligible for the New Dependent Credit and HOH Filing Status?
The IRS continues to publish guidance to clarify provisions of the Tax Cuts and Jobs Act (TCJA). Here’s what you need to know about qualifying for the new $500 tax credit for dependents and beneficial head of household (HOH) filing status based on having a non-qualifying-child dependent. New Non-Qualifying-Child Dependent Credit For 2018 through 2025, the…
Should You Outsource Your Accounting Functions?
As your not-for-profit strives to use its resources as effectively as possible, you might at some point consider outsourcing the functions that fall under your accounting and financial umbrella. But wait: You’ll need to weigh the pros and cons before making this important decision. What Are the Potential Advantages? Not-for-profit organizations often outsource work in areas…
How to Approach Succession Planning
Does your organization have a succession plan in place? And, if it does, is it well documented? Some not-for-profits delay detailed succession planning, thinking of it as a project they’ll get to “someday.” But that’s a mistake. Like making future plans in your private life, creating a succession plan for your organization is a necessity. And…
Implement Effective Internal Controls with Built-In QuickBooks Online Tools
Financial professionals understand the critical role internal controls play in preventing fraud and helping the organization run efficiently. While some control activities are more difficult to implement, the QuickBooks Online accounting software offers a number of often overlooked built-in tools that will help your organization easily establish strong financial internal controls. Join GRF for an…
Achieving Proper Segregation of Duties with Limited Nonprofit Resources
By: Alejandra Jensen, CPA, CFE | Nonprofit Audit Manager Although they recognize the importance of maintaining proper segregation of duties (SOD) as a risk management best practice, many nonprofits still struggle because of limited staff, scarce resources and tight budgets. These organizations are under pressure to cut costs, increase revenue, and identify additional funding streams…