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AcctTwo Blog

Bringing the Future Into Focus: 5 Tools for Nonprofit Planning

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.

Topics: Not-for-profit Industry non-profit Planning, Budgeting and Forecasting

Taking the Guesswork Out of Decision Making for your Non-Profit

As a mission-based organization, your agenda is clear – doing good work around the world. Unfortunately, accomplishing that is more complex than ever, requiring leaders to rely on a lot more than just good intentions in order to achieve the positive outcomes they desire.

As the scope of mission-based organizations has grown, decision-making has become a high-stakes process. At the same time, donors demand a level of transparency and accountability that raises the stakes of decision-making even further.

Topics: Not-for-profit Industry non-profit budgeting Planning, Budgeting and Forecasting Mission Organization Spend Management

Blessed are the Flexible! Part 3 – Accountability

This is Part 3 of our Blessed are the Flexible Series. Click here to read Part 2 about Automation.

When I think of accountability it isn’t necessarily a hard concept to wrap my head around. It is the willingness to accept responsibility. It can become tricky if you are responsible for managing something that you don’t have full control over.

Topics: Blog Faith-Based Planning, Budgeting and Forecasting Blessed are the Flexible Awareness

Is Your Budget in Line with Your Church’s Vision? – Part Three

When it comes to helping ministry leaders manage to their budgets, I sometimes liken it to putting a square beg through a round hole. Now I don’t say this to criticize those dedicated to serve and lead church programs. It is one of the challenges we have in trying to combine creativity with calculations.
Topics: Blog Faith-Based Informational Planning, Budgeting and Forecasting Awareness Is Your Budget in Line with Your Church’s Vision?

Is Your Budget in Line with Your Church’s Vision? – Part Two

Living “spur of the moment”: Our biggest challenge in managing the budget!

Definition: “Spur-of-the-moment” – occurring or done without advance preparation or deliberation; extemporaneous; unplanned.

If you gathered several church business administrators together and asked them what their greatest challenge was in controlling expenses, they would probably say: dealing with the spontaneity of ministry.

Topics: Blog Faith-Based Informational Planning, Budgeting and Forecasting Awareness Is Your Budget in Line with Your Church’s Vision?

Is Your Budget in Line with Your Church’s Vision? – Part One

A Quicker Yes and a More Gracious No!

Over the past year at Preston Trail Community Church, we've been working with a company called Auxano to help us connect our church’s identity with our vision and our mission. Clint Grider, of Auxano has been known to say, “when you know your purpose, and everything you do fits inside of your vision frame, you can give a quicker yes and a more gracious no."

Topics: Blog Faith-Based Informational Planning, Budgeting and Forecasting Awareness Is Your Budget in Line with Your Church’s Vision?

Budgeting in Ministry Can be a Bear

Budgeting can be overwhelming to ministry leaders. Basically, it is just the process of setting goals and guidelines.

I saw this quote on Facebook the other day and it really hit home with me:

"Giving up on a goal because you have a setback is like slashing your other 3 tires because you got a flat."

Doing "church" is a calling. I think this is where the frustration begins when it comes to managing a budget. When you are "called" to do something that wasn't in the budget - usually an inspiration from the leadership - it can motivate the creativity of ministry leaders and frustrate the financial managers.

Topics: Blog Faith-Based Featured Posts Planning, Budgeting and Forecasting Awareness

Truly See Your Business for the First Time

To survive in today’s business world, you need flexible financial forecasting software that gives you real-time visibility into your company’s overall business performance. Watch the video below and see from customers first-hand how Intacct financial forecasting software can help you do this by:

Topics: Blog accounting software management reporting Intacct Business Intelligence / Analytics Financial Reporting Videos Financial Analysis, Ratios and KPIs Planning, Budgeting and Forecasting Decision