Streamline Your Bookkeeping: Tips and Techniques for Accountants to Increase Efficiency
A roadmap for accountants aiming to optimize their efficiency and effectiveness in 2024 amidst evolving industry demands, technological advancements, and changing work paradigms.
Guiding Your Nonprofit’s Future: Mastering the Art of Financial Forecasting
Unlock the power of nonprofit financial forecasting with Temple Management Consulting. Gain insights and strategies for sustainable decision-making, risk mitigation, growth planning, and enhanced financial health. Learn how to navigate the complexities of data collection, assumptions, forecasting methods, and the importance of feedback. Chart your organization's secure financial future today.
Leveraging AI to Transform Nonprofit Finances: Enhancing Efficiency and Accuracy
AI revolutionizes nonprofit finances by automating tasks, enhancing analysis, detecting fraud, optimizing costs, and empowering informed decision-making for social impact.
Are Outsourced Virtual Accounting Services Worth It for Your Church?
Outsourcing can be a gamble. But when it comes to your church’s finances, outsourced bookkeeping could be the best decision you make.
It’s been three years since COVID-19 hit. How have nonprofit finances changed?
It’s been three years since the COVID-19 pandemic “stopped the world.” In its wake, we have seen a significant, foundational impact on economies worldwide — and the nonprofit sector is no exception. From reduced funding and flat budgets to a surge in demand for services, nonprofits were challenged to adapt and rebuild on a massive scale. Even now, after the pandemic has seemingly faded into the past like a bizarre alternate reality, nonprofits are still feeling pressure from the impact of inflation on donors, in the ending of much emergency federal financial support, and in the scarcity of available (or retainable) talent. In this blog post, we'll explore a few pieces of how nonprofit finances have changed in the past three years since the pandemic, and what long-term effects you can consider as you navigate your own nonprofit’s finances. It’s been three years since the COVID-19 pandemic “stopped the world.” In its wake, we have seen a significant, foundational impact on economies worldwide — and the nonprofit sector is no exception. From reduced funding and flat budgets to a surge in demand for services, nonprofits were challenged to adapt and rebuild on a massive scale. Even now, after the pandemic has seemingly faded into the past like a bizarre alternate reality, nonprofits are still feeling pressure from the impact of inflation on donors, in the ending of much emergency federal financial support, and in the scarcity of available (or retainable) talent.
10 tips to build financial literacy within a nonprofit
Build your nonprofit’s financial literacy and get back on track. Here are 10 tips from top virtual accounting pros.
Do you know the nonprofit filing requirements this tax season?
Tax season is here. Is your nonprofit ready? Let’s go over the basics of nonprofit filing so you can confidently file returns in 2023!
5 financial best practices every nonprofit should know in 2023
With a looming recession tightening up our budgets, here are the 5 financial best practices that every nonprofit should know in 2023.
Giving Tuesday Is November 29. Here’s How Your Church Can Prepare
With Giving Tuesday just around the corner, there are several ways your church can prepare for full participation but be aware of donor impact on your overall accounting procedures. In the digital age, tracking donors and donations has become more complex, depending on the way your church accounting is set up.