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GP User Tips to Improve Efficiency in the Bank Reconciliation Process
The Bank Reconciliation Module is a commonly used tool in Microsoft Dynamics GP (Great Plains) for reconciling bank account transactions. However, users that have more complex revenue sources tend to...
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The Importance of Having a Gift Acceptance Policy
A gift acceptance policy is a necessary component of internal control for any organization operating within a philanthropic environment. Having such a policy in place enables an organization to provide...
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OMB 2015 Compliance Supplement – Changes for 2015 Audits
In July 2015, OMB released the 2015 Compliance Supplement, which identifies the important compliance requirements relevant to federal programs for use by auditors when performing a Single Audit. The...
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How to Determine which Accounting Software is the Best Fit for your Nonprofit
Accounting has evolved into an industry that is heavily dependent upon technology. Many nonprofits do not realize how much they might benefit from an upgrade in accounting software. For some...
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Is Your Nonprofit Ready for the New EMV Credit Card Technology Change?
What Your Nonprofit Needs to Know to Lessen Liability In October 2015, United States credit card companies officially shifted from swiping credit and debit cards to the chip embedded technology...
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The 1, 2, 3’s of Hiring a CFO
The key to success in any hiring process is finding the right fit between your organization’s needs, culture and leadership and an individual’s skills, interests, and personality. The search for the...
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Is Your Organization Ready for Its Year-End Audit?
As the end of 2015 approaches, many organizations are in the process of preparing for their year end audits. By now, your auditor has contacted you to discuss the nature, timing, and extent of the work...
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The Nonprofit Finance Department of the Future
The nonprofit finance department of the future is mobile, agile, and insightful. The nonprofit finance department of the future has arrived today. The continued evolution of cloud based software tools...
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Charles Tate Discusses Strategic Planning and the Rules of Reserves for...
Managing Partner Charles Tate shares his perspectives on the top concerns for association executives in a recent episode of CEO Update’s Association Newsmakers. In particular, he discusses important...
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How Closely are You Monitoring Your Third-Party Service Providers?
In May 2013, the Committee of Sponsoring Organizations (COSO) released the updated Integrated Internal Control Framework which is effective for fiscal years beginning after December 15, 2014. Although...
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How Tech-Savvy is Your Board?
We have all read the articles about how technology is the key to increasing efficiencies. This is not limited to the accounting and finance department, but is important in every single facet within...
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DOL Continues Outreach Efforts Aimed at Improving Audit Quality of Employee...
In May 2015, the U.S. Department of Labor (DOL) released a report titled, “Assessing the Quality of Employee Benefit Plan Audits,” which noted that almost 40% of plan audits had “major deficiencies.”...
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Don’t Fall for a Social Engineering Scam
Even the most sophisticated organization can be the target of an online attack scheme known as spear phishing. Spear phishing is an email that appears to be from top level management in your...
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Preparing Your Organization’s Budget Does Not Have to be a Daunting Task
Every year, you undertake what always seems like the daunting task of preparing your organization’s budget for the next year. You start by reviewing in detail, the past few months and the prior year’s...
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Is Your Accounting Software Hurting Your Business?
Many nonprofits fail to recognize when it’s time to make the switch to a more sophisticated financial management software. We hear stories like the nonprofit that couldn’t get a grant because they...
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GP User Tips to Improve Efficiency in the Bank Reconciliation Process
The Bank Reconciliation Module is a commonly used tool in Microsoft Dynamics GP (Great Plains) for reconciling bank account transactions. However, users that have more complex revenue sources tend to...
View ArticleClik here to view.
The Importance of Having a Gift Acceptance Policy
A gift acceptance policy is a necessary component of internal control for any organization operating within a philanthropic environment. Having such a policy in place enables an organization to provide...
View ArticleClik here to view.
Is Your Organization Ready for Its Year-End Audit?
As the end of 2015 approaches, many organizations are in the process of preparing for their year end audits. By now, your auditor has contacted you to discuss the nature, timing, and extent of the work...
View ArticleClik here to view.
The Nonprofit Finance Department of the Future
The Nonprofit Finance Department of the Future The nonprofit finance department of the future is mobile, agile, and insightful. The nonprofit finance department of the future has arrived today. The...
View ArticleClik here to view.
How Closely are You Monitoring Your Third-Party Service Providers?
In May 2013, the Committee of Sponsoring Organizations (COSO) released the updated Integrated Internal Control Framework which is effective for fiscal years beginning after December 15, 2014. Although...
View Article