AcctTwo Blog

The right nonprofit financial management system can enable the access to statistical financial and operational data so you can automatically calculate key metrics such as financial (revenue), statistical (membership), or a combination (donations per attendee). And it can offer the visibility, automation, access, and adaptability you need to grow your organization or ministry and succeed. Whether you benefit from fast and easy reporting or automating processes that yield greater efficiencies, you will be a better steward of your funds when you start measuring what matters in nonprofits.

The past year, there have been countless technology challenges for nonprofits. After some quick adaptations, the future looks very promising. That’s the story told by the data within the 2021 Nonprofit Technology Trends Survey results.

As you’ll see in the infographic below, nonprofit organizations faced a tough landscape, with many unique challenges around the pandemic, including disruption to programs and declining donations.

As donors and funders increase pressure on nonprofits to provide transparency and connect measures to outcomes, it can be hard to know where to start. If it's time for your organization to think about adopting fundraising metrics for nonprofits, it's important to identify supporting metrics that align with your strategic mission. When you focus on what and how to measure, you inform other aspects of your strategic planning, strengthening your stewardship and performance, and increasing your mission or ministry's impact.

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.

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. 

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.

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.

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.

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.

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.