AcctTwo Blog

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.

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.

Last week marked our 6th annual Faith-Based Finance Collaborative. This year due to COVID-19, we went virtual with a record number of registrations! We are blessed with so many amazing clients and partners.

AcctTwo’s Head of Nonprofit, Allison Webb, was the latest guest on Ministry Architects’ webinar: “How to Be More Confident in Your Church Finances for 2021”. Allison and Jeff Dunn-Rankin, Ministry Architects’ Executive Vice President, talked about how to make fiscally wise decisions for your church finance digital transformation in 2021.

AcctTwo’s Head of Nonprofit, Allison Webb, is the latest guest on the Christian Nonprofit CFO’s podcast, hosted by David Beroth.

David’s podcast focuses on enhancing the stewardship of church finances with increased CFO insight and expanding ministry impact. Church financial software for financial leaders in ministry are often ill-equipped to address, let alone overcome, the many challenges they face. Too often they pivot from crisis to crisis. In this mode they run on the tactical treadmill instead of proactively contributing strategic value to their nonprofits. Unfortunately, the full impact of their ministry suffers without the right Christian accounting software. Proverbs 19:20: “Listen to advice and accept instruction, that you may gain wisdom in the future.”

A few months ago, at our Faith-Based Finance Collaborative, AcctTwo's Managed Accounting Services Controller, Shelly Einspahr, and Covenant Church's COO, Brian Coleman, sat down and talked about how we work together. Little did we know back at the end of February, our world was going to change dramatically in a matter of weeks. The news about COVID-19 was still somewhat sparse, mainly impacting China, Italy, and starting to creep into California – specifically around San Francisco. Churches went from serving thousands to having to pivot and become virtual. In fact, the whole world had to pivot and become remote. Figuring out how all the pieces fit together and how to maintain business-as-usual was a challenge. Even for organizations that have had cloud-based infrastructure in place, it was still challenging at times because most of us went from working 9-to-5 to working 24/7 which included, parenting and homeschooling.

Within nonprofit Finance and Accounting, church back offices have unique challenges to solve with church accounting software solutions. Thankfully, there are solutions to pastors challenges designed for and affordable for churches, these unique challenges have better results than ever before to help maximize stewardship.

Recently we sponsored and attended the Texas Ministry Conference in Houston, Texas. The vision of the Texas Ministry Conference is to provide tools and resources for people in all types of ministry and ministry support.

Learn how churches overcome challenges with modern accounting and church bookkeeping software and financial management services. 

Earlier this week we had a webinar to recap our Faith-Based Finance Collaborative and invited Tammy Bunting, CFO at Concord Church, to join us. Tammy was on our Peer Panel along with Jeff Barber from Park Cities Presbyterian Church, Sheila Buckler from Bent Tree Fellowship Church, and Brian Coleman from Covenant Church.

Last week marked our 5th annual Faith-Based Finance Collaborative. This year our client, Concord Church of Dallas, hosted us in their beautiful facility. We are blessed with so many amazing clients and partners.