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AcctTwo Blog

Using Outcomes to Measure Nonprofit Success

With intense competition for donor dollars—and funders insisting on greater accountability and visibility—nonprofits must show fiscal responsibility as well as program results. Agile nonprofit organizations have learned that using outcomes to measure nonprofit success facilitates the financial transparency that's in demand. Like them, you can use outcome metrics to easily measure and report on your organization's performance which enables nonprofit financial transparency.

Topics: Not-for-profit Industry Faith-Based not-for-profit Metrics

Trend: Nonprofit Financial Transparency Proves Challenging

Successful nonprofit organizations have implemented outcome metrics to provide nonprofit financial transparency, measure, and report on their performance. Outcome metrics not only show funders and constituents how the organization is performing; they also help pave the way for sustainable growth and greater efficiency. 

Topics: Not-for-profit Industry Faith-Based not-for-profit Metrics

Nonprofit Financial Management Software Helps VisitDallas Save Time

The team at VisitDallas is enjoying benefits from their new implementation of nonprofit financial management software. Their legacy system could not properly reflect the organization’s true structure and reporting, and was time-consuming and error-prone. Read about how the team worked with AcctTwo to automate their processes, bolster internal controls, and actually start enjoying their integrated nonprofit financial management software.

Topics: Not-for-profit Industry Faith-Based not-for-profit General

Business Succession Planning in a Post-COVID World

We were living in early COVID days when we wrote our eBook, Faith-Based Nonprofit Succession Planning for the Back-Office. We had no idea what was going to happen, or how long it was going to last. We were just starting to talk about how COVID was impacting leaders and succession planning when we spoke to Todd Clark, Senior Associate in Senior Leadership at Slingshot Group, a leading nonprofit staffing and coaching agency. He told us, “In a post-COVID world I see significant changes in succession planning. I think that there will be unexpected resignations resulting in swiftly planned successions. The stress of the pandemic has been unprecedented. I predict that we’ll start to see leaders resigning in their 40s and early 50s to lead outside the church. Leading through 2020 has had the stress of 10 normal years. They aren’t going to have gas in the tank.”

Topics: Faith-Based General

Church Succession Plan Template: Next Steps

Prov 28:2: “When a land transgresses, it gains a succession of leaders, but with an understanding and knowledgeable man, its stability endures.” Plan earlier than you think. The person with the most time wins, and after leading through a pandemic, who knows how long that will be.

In a post-COVID world I see significant changes in succession planning. I think that there will be unexpected resignations resulting in swiftly planed successions. The stress of the pandemic has been unprecedented. I predict that we’ll start to see leaders resigning in their 40s and early 50s to lead outside the church. Leading through 2020 has had the stress of 10 normal years. They aren’t going to have gas in the tank,” Todd Clark, Senior Associate in Senior Leadership at Slingshot Group.

It’s been a tough year, and I think it’s been hardest on upper leadership. When I spoke to Mark Brown, he mirrored Todd Clark’s comments on leading through COVID. He said, “leading through Hurricane Harvey was tough but leading through COVID has been exhausting. It’s called compassion fatigue. You need to force yourself to practice self-care and take time off. Leaders that make it through the pandemic are going to be a tough bunch”.

From start to finish, talking to so many experts and colleagues has given me so much insight into what a good succession plan looks like, and it is true: if you fail to plan, you plan to fail.

Topics: back office Faith-Based succession Planning

AcctTwo Honored to Have Faith-Based Clients on the Best Christian Workplaces Institute List

The Best Christian Workplaces Institute (BCWI) honored 157 faith-based organizations as Certified Best Christian Workplaces for 2020.

Topics: Faith-Based

How Cloud Church Accounting Software Helps Attract New Donors

Faith-based donors are known for being passionate, committed, reliable givers. Unfortunately, Giving USA states the overall percentage of households affiliated with religion has been trending downward with each younger generation, which means faith-based nonprofits will have to work harder to engage a smaller set of donors in order to fulfill their missions. Religious donors understand stewardship and value it. Cloud church accounting software enables the transparency, accountability, and financial reporting that are prerequisites for maintaining trust with existing donors and have proof of your outcomes to engage with new donors.

Topics: Faith-Based Church Accounting Software

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 March 24-25, 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

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