How to use MIP to help with your audit While not required by law, one reason a nonprofit might conduct an audit is to demonstrate the organization’s commitment to financial transparency and accountability. And while a nonprofit can spend considerable resources for its annual audit, it is important that it consider the following to ensure the audit is a success. No delays: An audit needs to avoid any major delays. Minimal accrual and year-end adjustments: The nonprofit needs to ensure…

A strong budget is an essential element for any nonprofit organization to achieve financial leadership. Superior budgets, though, have written plans about the core activities to include strategic and program goals and how they will be financed.

Are financial governance duties clearly understood and performed by the board, finance committee, and executive committee(s)? Join Abila Business Partner, Financial Technologies & Management in this special webinar, helping Executive Directors, Finance Directors, and your board members to define, document, and execute crucial responsibilities. Avoid complacency and confusion by clearly defining and communicating expectations. Savvy nonprofit leaders know that a dynamic board can be the difference between good and great performance. How would you answer the following questions: What are…

Do you have a dashboard and know what your key performance indicators (KPI’s) are for your organization? Join Abila Business Partner, Financial Technologies & Management as they will address your questions in a candid conversation regarding dashboards and KPI’s. We will cover the critical aspects of Effective Dashboards and Key Performance Indicators including: Nonprofits are complex organizations that are built around mission and outcomes, which must be supported by the right revenue and expense models. Dashboards are one way to…