Beyond Spreadsheets: Modern Solutions for Budgeting and Planning
By: Jim Norton, CPA Microsoft’s Excel is the undisputed champion among the tools used historically by accounting and finance professionals. While Excel reigns supreme for quick one-off projects and projections, it does not support activities that contribute tremendous value to your organization in the form of strong governance, critical financial management, and enforcing accountability for…
Scalable, Cloud ERP Software Enables Painless Growth
Yardstick is a fast-growth company that’s become an award-winning powerhouse in the highstakes licensure, certification, online training, and psychometric space. As Canada’s leader in online testing and training, the business operates multiple entities across North America, and recently acquired a large publishing house. In order to keep pace with the company’s rapid expansion, Yardstick’s finance…
Bringing Financial Science to the Arts Via 30% More Accurate Program Visibility
San Francisco’s premier performing arts center, Yerba Buena Center for the Arts (YBCA), runs a nonprofit facility that hosts its own cultural programming and offers discounted community rentals for local theaters and artists, as well as commercial rentals. To cover its operating expenses, the organization supplements rental fee income from meetings, conferences, and other special…
Aligning Departments for Common Goals
This post was originally published on the Sage Intacct Blog In the many years working with service-based companies, there have been a number of common themes around an ‘us vs. them’ mentality within the office. In most cases, department goals and incentives are the root cause of these conflicts. Sales and marketing teams are pressured…
What is the Nonprofit Finance Digital Transformation Tipping Point?
This post was originally published on the Sage Intacct Blog In the digital age, good stewardship requires an overhaul of many manual, paper-intensive processes. By using technologies like cloud computing, artificial intelligence, and open APIs for integration, digital transformation empowers nonprofit finance teams to make data-driven decisions for greater impact. Recently, digital transformation was the…
How COVID-19 Changed Nonprofit Accounting: Industry Experts Weigh In
This post was originally published on the Sage Intacct Blog To paraphrase the immortal lyrics of the Grateful Dead, “what a long strange trip this COVID-19 pandemic has been.” Though we’ve been living in the pandemic for a little over a year, for many of us, it feels like much longer. In the nonprofit industry,…
Breaking Down the Value of Digital Transformation for Nonprofits
Your investment choices should be driven by a strategy to achieve desired results Long gone are the days when accounting was driven by good old “T-accounts” and debits and credits. While the core principals of nonprofit accounting are largely unchanged, the role of accounting and finance professionals (and the information they provide) has evolved dramatically…