Resource Group Blog Resource Group Blog RSS Feed

Read The Resource Group blog to learn about Microsoft Dynamics GP ERP software and Intacct cloud accounting software


Best Practices for Nonprofits Selecting Accounting Software

Romy Andrews - Monday, September 25, 2017

by Gary Volland, The Resource Group

Best-Practices-for-Nonprofits-Selecting-Accounting-Software

Nonprofits have unique needs when it comes to accounting. From fund accounting to grant administration, program management to compliance reporting – nonprofit organizations often rely heavily on software to achieve their mission. So how do you know when it’s time to select a new accounting software solution for your organization?

 

Read More >

Finding the Right Accounting Software for Your Association

Kim Anselmo - Tuesday, March 07, 2017

Focus on Your Mission, Not on IT

Focus on Your Mission vs. IT: Findng the Right Accounting Software for Your Association

Whether you're a trade association, a labor union, a professional society, or otherwise, there's nothing simple about managing the financials of a nonprofit association. The day-to-day challenges of dues collections, fundraising, budgeting, and reporting do not let up. It may seem as if you need to build a technology empire just to handle these demands.

What if there was accounting software that worked so well that it gave you clarity on your financials and left you with more time to focus on your association's mission—accounting software that left your sanity intact...?

 

Read More >

Pretty, Pretty Pictures for Nonprofits: Using Outcome Metrics to Create Understandable Results

Romy Andrews - Thursday, February 02, 2017

by Saeward Schillaci, The Resource Group

Outcome-Measures-for-Nonprofits

Nonprofits today are operating under growing pressure to be accountable and transparent. In order to secure funding, an organization must demonstrate a high degree of efficiency and sustainability in achieving their mission.

Most nonprofits are happy to oblige, of course, but there are two key issues: first, how can you ensure that your nonprofit’s performance is meeting high enough standards? Second, what parameters best show the state of your organization, and how can those be displayed in a friendly, understandable format?

 

Read More >

The New Financial Reporting Roadmap for Nonprofits in the New Year

Romy Andrews - Friday, December 30, 2016

The New Financial Reporting Roadmap for Nonprofits in the New Year by Saeward Schillaci, The Resource Group

If you work for a nonprofit, you probably experience certain financial headaches that are unique to your type of organization. By their very nature, nonprofits are required to have clear goals and transparent finances. A nonprofit needs accurate, understandable financial reporting to show to its boards, committees, and donors as well as to make decisions that will help accomplish the mission of the organization without wasting resources.

Of course, this is easier said than done. Many organizations find themselves spending far too many hours manually manipulating financial data in outdated spreadsheets in order to have reports that show the right information. This, in turn, can mean that getting the most up-to-date information possible can be a major headache for overworked accounting teams. Good software, and hard work are all crucial to nonprofit financial success. Chances are, you already have the "hard work" part covered; however, it's time to find the right financial software solution for your organization so you can achieve maximum success with minimum resources.

Intacct Cloud ERP for Nonprofits

 

Read More >

When Should Your Company Start Planning for the New Accounting Guidelines - ASC 606 and IFRS 15?

Kim Anselmo - Monday, June 20, 2016

New Revenue Recognition RequirementsThe new ASC 606 and IFRS 15 revenue management guidelines will have a major impact on public companies in 2018 and private companies in 2019.

The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) will require companies to reallocate revenue each time a customer contract changes and defer expense recognition to align with the contract's delivery.

As a result, contract add-ons and renewals must be integrated into a single contract and will trigger re-allocations across both past and future periods, causing continuous revisions to revenue allocations and expense alignment. 

Read More >

When Your Nonprofit Accounting Software Needs Replacing

Kim Anselmo - Friday, June 03, 2016

Nonprofit Accounting Software: When It Needs ReplacingThis is the first post in our blog series: Best Practices for Selecting Nonprofit Accounting Software

Having easy access to mission-critical financial information is key to the growth for nonprofits, especially if you are expanding your services, opening new locations and winning more grants.

However, too many nonprofit business decisions are made with educated guesses from a patchwork of financial data drawn from your accounting software combined with spreadsheets, email and hardcopy reports. This time-consuming and error-prone process of consolidating even basic accounting data is a symptom of legacy accounting software. 

Read More >


Recent Posts


Tags


Archive

Contact