Allison Webb, on July 22, 2020
As governments around the world continue easing lock-down restrictions, executives are thinking about how to help their nonprofit financials accelerate recovery post COVID-19. Rather than hunker down, it’s time for nonprofits to take 5 proactive steps to stabilize their finances, adapt to new conditions, and prepare for continued mission success.
Cassy Paredes, on October 15, 2019
AcctTwo recently sponsored and attended the Missio Nexus Conference in Orlando, Florida. The Missio Nexus Conference is a thought-provoking, three-day annual event that brings together hundreds of mission leaders. This year’s theme was Future Mission, it was a challenging look at the future of missions and the Great Commission.
Tammy Bunting, on December 31, 2018
A growing church is a blessing, but can be a challenge too. When membership soars from a few hundred to a few thousand church operations take on an entirely new character. Accounting becomes far more complex as both donations and expenses multiply. Plus, administrators have to juggle that extra accounting on top of the day-to-day needs of an expanding ministry. Needless to say, growing pains are common.
Peter Wagner, on December 26, 2018
This year, United Way of Central Indiana (UWCI) celebrated an impressive milestone — 100 years of fighting for the education, financial stability, health and basic needs of everyone in the Central Indiana community, with a special focus on people and families who are living in or are one step away from poverty. The United Way movement began 131 years ago in Denver, Colorado, when several leaders in the religious and human service sectors had united around one cause: helping to serve people who were living in poverty. In April of 1918, the United Way movement arrived in Indianapolis in the form of a “War Chest.” The gigantic Chest was placed on the steps of Monument Circle, and a campaign to raise contributions involved every person in the community. The result: more than $3 million ($50 million in today’s dollars) was collected and donated to dozens of charities and relief organizations throughout the region. Since 1918, UWCI has worked with more than 80 agencies that serve the critical needs of the community.
Peter Wagner, on November 20, 2018
In 1972, Sharon Johnson went to Haiti to direct a choir that was traveling around the country. As she looked into the faces in the crowds, she fell in love with the people of Haiti. She returned each year with her husband, Bob, and over time, they felt the need to provide the people of Haiti with help every day and not just once or twice a year. In 1983 they formed what is today Mission of Hope: Haiti (MOH).
Officially founded in 1998, MOH has since grown from a small mission located on a barren piece of land, to a fruitful organization that now houses an onsite orphanage, medical facility, school, and church. Through partnerships, MOH also serves outside of its property by helping other orphanages, churches, and schools throughout the country.
Nonprofits don't get enough credit for their savvy strategic thinking. They have to sustain themselves and secure growth just like any private enterprise. But they must do it with tighter budgets, tougher restrictions, and higher standards for transparency and accountability.
It's an impressive achievement that nonprofits are able to balance boldness with prudence so successfully. But it's also a challenge. When every dollar of every donation or grant matters, nonprofits can't afford to make bad bets or hasty decisions. Otherwise, they could put their mission, reputation, or future in jeopardy.
Peter Wagner, on May 4, 2018
We've read and written quite a bit about how quickly accounting regulations, processes, and technology are changing in the private sector, but many of those trends also apply to nonprofits and government entities whose accounting revolves around funds. Fund accounting is different from for-profit or commercial accounting. It encompasses most aspects of commercial accounting but goes beyond those requirements in both form and function. Learn about five important trends we see in the world of fund accounting:
Peter Wagner, on July 14, 2017
Monty Carpenter, Director of Business Administration, and Libni Rodriguez, Director of Project Management, at Gateway Church in Dallas/Ft. Worth talk about their relationship with AcctTwo and the benefits of Sage Intacct's best-in-class accounting and ERP software for churches and faith-based organizations.
Peter Wagner, on April 24, 2017
We're always proud of the work we do and the relationships we build with each and every one of our customers, but when we get feedback years down the road and get to hear how transformative Intacct and our implementation team have been, it's very special. Seacoast Church, an AcctTwo customer in the Carolinas, recently contributed to a story in Church Executive Magazine about how the multi-site church, with 12 physical locations and an online campus, needed a powerful accounting tool that could provide consistent financial reporting across locations and ministries.
Peter Wagner, on March 2, 2017
Accounting systems are not something you change or replace often. However, as your nonprofit organization grows in size or complexity, you reach a point where manual processes drain your productivity, and you struggle to analyze your growing range of financial and operating data. At this point, you need a system that leverages the latest technology advancements.
Today's nonprofits face an increased demand for greater transparency and accountability. Many nonprofit software systems struggle to meet the requirements to be met with higher expectations and scrutiny.
