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Challenges Nonprofits Face

3 Challenges Facing Nonprofits

Nonprofit organizations have unique challenges they have to face in today’s world. Everything from donor retention to keeping track of all the funds coming and going from your organization can be tricky. As a leader in your nonprofit, you are often the one to face these challenges and are responsible for successfully overcoming them.

Here are three common challenges nonprofit leaders face today.

GAAP accounting

The Importance of GAAP Accounting for Nonprofits

Your nonprofit organization adds some good to this world. You, your employees, your volunteers, and those your organization serves, all know how much good your organization does. They know where your revenue goes and they trust you will continue to use it wisely. But what about potential donors, grantors, and certain governing bodies? How do you present your organization’s financial information to them?

Your Nonprofit Could Be Susceptible to Fraud

Your Nonprofit Could Be Susceptible to Fraud

Your nonprofit organization means everything to you. The work you do matters and as a leader of your nonprofit, it’s your fiduciary responsibility to make a choice that will keep your nonprofit out of the hands of fraud. But you can only continue your work if you have money to support it. How do you manage the money your nonprofit receives, but still keep it safe from embezzlement?

Denali Online Training

Denali Online Training

We now offer training online! Instead of having to travel to one of our on-site regional trainings, you can purchase one of our prerecorded module-specific videos to view at your convenience!

Dallas Regional Training

October 15-19, 2018
Join Us for Regional Training
Dallas, Texas
This training offers step-by-step instruction on how to get the most out of Denali with one of our corporate trainers.

Upgrade from CMS Pro to Denali TODAY!

CMS Pro has reached its end of life. The time has come to say hello to Denali, the fastest and most reliable version of the software you know and trust. KPI glossary term.

3 Key Features of Denali Business Intelligence

A challenge for any business or nonprofit organization is the ability to analyze data from multiple sources and transform it into meaningful information. Business Intelligence (BI), analyzes the data for you and creates reports, graphs, charts, and other visual aids to give you further insight into your organization’s performance. A step up from simple dashboards of years past, BI software offers drill down options, forecasting, trends, and alerts that truly help you plan for the future.

A Hard Look At The Hard Close

Under a hard close (also known as a fast close), organizations audit and “close the books” after a set period of time. For most organizations, the time period coincides with the end of a month, quarter, and year. The term “hard close” is meant to describe the situation in which all of the transactions for the period (based on the transaction date) have been processed and there is no more financial activity allowed for that period.

The “hard close” process may have a number of steps and specific actions that vary depending on the business or organization, but the accounting team generally reviews the figures and checks all of the organization’s financial records for the time period. These can include revenue and expense accruals, overhead allocations, and updating reserve accounts.

Fund Tracking for Nonprofits

At Cougar Mountain Software, we are very excited to be a new addition to the NeonCRM family. With Denali FUND and NeonCRM’s donor management program, you not only get true fund accounting software for your organization, but you also get all the benefits of NeonCRM’s complete donor management solution.

NeonCRM gives you a variety of features that integrate with Denali FUND such as:

Government Accounting

Top 5 Software Features for Government Accounting

Every organization needs accounting. But what about a government agency, what kind of accounting does it require? According to AccountingEdu.org, “The goals of federal, state or municipal government agencies when applying the principals of accounting are different from the private sector’s main business objective of earning profit…government agencies and other recipients of government money are fiscally accountable to tax payers and must demonstrate compliance with the intended uses of…resources.”