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AcctTwo Blog

Church Leadership Succession Planning: Red Flags to Watch Out For

When I sat down with Todd Clark, Senior Associate in Senior Leadership at Slingshot Group, we talked about his vast experience with succession planning and what possible red flags you might want to watch out for if you’re in the middle of church leadership succession planning.

Topics: back office Faith-Based succession Planning

AcctTwo Goes Virtual for Sixth Faith-Based Finance Collaborative

AcctTwo Hosts Faith-Based Virtual Event Scheduled for February 23–24, 2021

AcctTwo’s Faith-Based Finance Collaborative is designed to educate church and ministry leaders about what they need to know in 2021 to accelerate their mission and ministry, AcctTwo’s faith-based finance event will be held virtually.

Topics: Faith-Based

How to Develop the Capability To Do What-if Scenario Modeling

The COVID-19 pandemic offers a powerful reminder to expect the unexpected. At the start of 2020, no one predicted the events that would eventually impact every single business in America. And yet some businesses have weathered the pandemic better than others, and not just those that sold toilet paper and disinfectant spray. The elites of their industry didn't see the pandemic coming, per se, but they were better prepared when it arrived. Why?

Topics: General

The Importance of Church Succession Planning

“It’s always emotional before it’s tactical. Never forget the emotion involved in succession planning,” says Todd Clark, Senior Associate in Senior Leadership at Slingshot Group.

I’m reminded of this bible verse, Proverbs 15:22: “Without consultation, plans are frustrated, but with many counselors they succeed.” The importance of succession planning is not unlike other areas of your organization. It isn’t something that you do every day so relying on a good partner, or many partners, to help you through the process might prove helpful.

Topics: back office Faith-Based succession Planning

COVID-19: A Guide to Getting Back to the Workplace

We’re still feeling the effects of COVID-19. It spans all aspects of our lives from how we shop to how we work. We are living in a changed world and thus, we have all been changed by it. There has never been a more pressing time for HR leaders to help employees adapt and cope.  

Topics: Faith-Based General

COVID Has Made Digital Transformation Technologies Essential

“The notion of a tipping point for technology adoption or digital disruption isn’t new, but the survey data suggest that the COVID-19 crisis is a tipping point of historic proportions—and that more changes will be required as the economic and human situation evolves.”

Topics: General

Building Leaderful Organizations: Succession Planning For Nonprofits

Sometimes hiring from within is the best option, especially if organizational culture is very important to you. You already know how that person fits, but you need to be careful about promoting only high achievers. Research shows that only 30 percent of current high performers could step into a leadership role, and most employees (more than 90 percent) would have trouble at the next level.

“I was the Controller at a large Church ($55M budget) for seven and a half years and then CFO for the last three years of my ten and a half year tenure,” says Vicki Richardson, Customer Support Supervisor at AcctTwo. “I was well groomed for the CFO job. For two years prior to my promotion, I was included in most meetings and decisions. I felt prepared. After my promotion, I realized I had not done a good job of reproducing myself. I needed a Controller and didn’t have one. The growth of our organization was exponential. I was trying to move us into the 21st century with new software and processes but neglected to reproduce me. So, it took me some time to find a Controller. There was no one on my staff that could step into the position. When I did finally hire a Controller, I included him in all my meetings, decisions, and most correspondence. I wish I could say it was a smooth transition, but it was rough. I gave three months’ notice when moving to AcctTwo and I could have easily stayed three additional months.”

Topics: back office Faith-Based succession Planning

Solve These 5 Challenges with Alternatives to QuickBooks Online

For up-and-coming businesses, QuickBooks is usually the entry-level choice for financial software in the organization’s early days – and for many reasons. QuickBooks offers the basic functionality that almost any business needs to get off the ground.

However, successfully growing businesses quickly realize that what was good enough when they started out is now overshadowed by limitations and compromises. Here are the five challenges that cause CFOs to look for alternatives to QuickBooks Online.

Topics: Quickbooks Replacement General QuickBooks alternative

Nonprofit Accounting Services Help You Avoid Back-Office Obstacles

In the mission-driven nonprofit world, accounting and financial management can sometimes slip down the priority list. It’s not always easy to allocate budget dollars to back-office infrastructure that doesn’t directly support the nonprofit agenda, and it’s even harder to find the time and expertise to make it all work. Consider some of the obstacles:

Topics: not-for-profit Managed Accounting Services (MAS) General

Business Continuity Planning Services: Your Blocking and Tackling for Pandemic Recovery

Imagine the post-COVID recovery as a miraculous touchdown pass to win a football game. All the attention goes to the quarterback and the receiver. But away from the ball, there’s a series of blocks that enable the play to succeed. They’re not the flashy party, but they’re essential nonetheless.

Topics: General