Allison Webb, on September 23, 2021
It can be hard to imagine that cloud-based ERP can help you accomplish your Mission. Time and time again, we’ve seen churches and other nonprofit organizations strengthen stewardship and demonstrate their outcomes with church metrics. Find out how the visibility, flexibility, efficiency, automation, and integration you need to succeed is a reality with AcctTwo and cloud church accounting.
“When I first started in church accounting 25 years ago, our job was basically to cut checks. Despite the church growing larger and more complex over the years, our systems have helped finance get a seat at the table,” said Glenn Wood, Pastor of Church Administration at Seacoast Church. “We have a phenomenal leadership team, but they’re people- and ministry-oriented. Our job is to help them understand ‘What would happen if…?’ With AcctTwo, we’re able to look at various scenarios and know what the impact of certain decisions would be.” As the leader of the nonprofit vertical at AcctTwo, I I speak to business-minded leaders like Glenn Wood every day. In the not-for-profit faith-based world it is a delicate balance between mission-minded and business-minded church finance leaders.
Allison Webb, on June 24, 2021
In our previous blog article from AcctTwo’s series about tracking nonprofit outcomes, we highlighted some of the metrics that nonprofits can define their success with. You can use these indicators to assess whether the nonprofit is on the right track, and prove your positive results to donors and grant managers who want to invest in effective nonprofits only.
Knowing what to track is an important start, but the hard part comes next: figuring out how. Nonprofits are in the dark about outcomes because the necessary data is hard to capture, categorize, and quantify in a meaningful sense without the right nonprofit dashboard indicators.
Allison Webb, on June 17, 2021
Halfway through our six-part blog series on nonprofit outcomes, we have explored why outcomes are so important (funders insist on seeing results) and why they’re so obscure (lack of good data). In this article, we’ll address the most important subject of all: The metrics for your nonprofit KPI dashboard you can use to measure your own success in terms of outputs and outcomes.
The good news is that these metrics exist, and when tracked correctly, they put success in the clear, quantifiable terms that funders insist upon. The bad news is that defining success isn’t simple, and tracking it isn’t either. Think of your own organization: Are you certain you’re fulfilling the core mission and values, and if so, to what extent?
This is the second blog in our series exploring outcome KPIs for nonprofits. In our previous article, we wrote about how today’s nonprofits need to track the outputs and outcomes of their efforts – the actual impact of their mission in action. Why? To build and maintain the confidence of funding sources that expect transparency and accountability like never before.
Before we address how to measure and track nonprofit outcomes in later posts, we need to debunk a common myth: That most nonprofits understand their performance already. Rather, most organizations make some attempt to understand it but come up shorter than they realize.
With new nonprofit financial software and specialized help from AcctTwo, the accounting team at Boys & Girls Club of Greater Dallas have automated complex scholarship tracking, a simplified their chart of accounts, and now have the insights and visual dashboards they need to demonstrate the impact and financial health of their organization.
For up-and-coming churches and other nonprofits, 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 nonprofit needs to get off the ground.
However, successfully growing teams 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 nonprofit CFOs and Church Finance Leaders to look for alternatives to QuickBooks for nonprofits.
Allison Webb, on May 17, 2021
The status quo is changing in the nonprofit world, and the pandemic only picked up the pace. Every nonprofit, regardless of size, location, or mission, needs to be prepared for a future that looks drastically different than the past – and right now is the inflection point.
This is the first in a six-part blog series from AcctTwo exploring how and why nonprofits are evolving and why reporting your nonprofit outcomes will be necessary to remain relevant. Our partnerships with diverse nonprofits and deep experience within the industry has made us aware of an emerging trend that we believe needs attention, followed by planning and preparation. This blog series is intended to be a call to action.
Allison Webb, on May 11, 2021
We created the Mission:Support Community to build an environment where those in need of information or solutions can find these innovators and exchange information and ideas. No one wants to re-invent the wheel. And no one wants to miss out on some new technology or best practice that other nonprofits are benefiting from.
Recently we hosted our 6th annual Faith-Based Finance Collaborative, our church finance conference. As part of the event, Carl Tierney - CEO & Founder at Vision 2, presented a session on online giving for churches. Vision 2 realized that giving experiences felt more like bill payment and less like an act of worship. There was no personalized thank yous - just a transaction like paying your utility bill. It inspired them to start Vision 2.
