A non-governmental organization is created to serve communities, protect the environment, support the arts, care for animals and help people in need. All of this is meaningful work and needs responsibility. Yet, there are many NGOs that are still managing their finances with software that was never designed keeping non-profit realities in mind. Today, cloud-based […]
The backbone of every charity is long-term funding. It determines whether programs will grow, staff can be retained and communities can continue to receive support year after year. Still, there are many non-profit organizations that rely on outdated systems and for-profit accounting tools. Well, these tools were not designed for the realities of charitable work. […]
You need to have accuracy, structure and responsibility if you’re managing the finances of an organization that relies on multiple sources of funding. Contrary to traditional accounting, fund accounting focuses on monitoring how money is received, allocated and spent for various purposes. This is where Dynamics Accounting Software comes in handy. When used correctly, it […]
You know that running a charity comes with a lot of passion and purpose. But let’s be honest, managing finances well is a huge part of keeping your mission going. You have to track donations, manage restricted funds, comply with audit requirements, and generate reports that show exactly how money is being used. That’s why […]
As organizations scale, barriers between operational and financial teams often become more pronounced. The result of this division is inefficiencies in decision making, cost management and the overall performance of the organization. Even the most efficient of teams can only cope with the problem of poor visibility, delays in reporting and inconsistent data when they […]
If you are employed at an NGO, you have already come to know one central truth: the planet needs to change and it needs to change fast. From reducing poverty to bettering health care and saving our planet, the Sustainable Development Goals (SDGs) are the milestones of the global movement. But here’s the challenge: making […]