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Tips to Balance Cash Flow in a Seasonal Business

Develop a cash flow projection. For looking forward, one of the most important tools is a cash flow projection. Executive directors need to know how the organization’s cash flows and what to do if the cash doesn’t flow! Unless your organization has built a substantial base of operating cash, any nonprofit can run into …

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Nonprofits Start to Prepare Now for Year–End Giving

Bloomerang is a cloud-based donor management software that also happens to be an mAccounting client. Based on their data, 50% of nonprofits receive the majority of their annual donations from October through December, with the biggest spike between Thanksgiving and the New Year. If you don’t already have a plan and timeline in …

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4 Essentials to Understanding Cash Flow Management

Did you know up to 82% of startups and small businesses fail because of poor cash flow management? We’re willing to bet you didn’t start a company based on your passion for cash flow; but as a tech startup, cash flow management is crucial to successfully navigating rapid growth and securing venture capital.

As …

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Protecting Your Business from the Next Ransomware Attack

The recent “Wanna Cry” ransomware attack that paralyzed several large organizations in the U.S. and Europe is a solemn reminder that the risk of cyber security breaches is real. Every business owner should take steps to assess the type of cyber security threats their business could be subject to and how to avoid …

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Staff Development for Non-Profits & Incentivizing Team Members

Professional development is a hot topic in every industry. yet the non-profit, cause-oriented community in particular operates under budget restrictions preventing them from deploying the same resources as their for-profit counterparts.  Luckily, helping nonprofit employees develop the critical skills they need to advance in their careers and their organizations doesn’t have to be …

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Fraud Impacts Small Businesses – What You Should Know

Most executives are familiar with internal control procedures but some of the most informed leaders don’t necessarily have the right controls in place to protect their organizations.  The reasons usually come down to inexperience, trust, and the perceived cost of oversight.  Many don’t think they have the time or resources to design an …

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Lines of Credit – Pros and Cons

Whether a nonprofit organization is just getting started or has been in business for a while, cash on hand is an important factor of whether the business can accomplish its goals. Many nonprofit organizations need money to start the business, and existing organizations need money for growth and expansion. Lines of credit allow …

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Make Filing Personal Tax Returns Easier Next Year

If you have already filed your 2016 tax return you’re probably relieved. If you haven’t, you’re probably mad at yourself for procrastinating. Either way, you can streamline the process for 2017’s filing by setting up a system now.  Here are some tips to make getting ready to file your personal tax return easier …

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Impact Is Everything

Every organization must tell their story. Elements of the story can be the mission statement – a formal summary of the aims and values of a company, organization, or individual. Another way to tell the story is the elevator pitch – a succinct and persuasive sales pitch. However,  the most meaningful communication for …

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Audit Prep

The first quarter of the year is over.  Most nonprofits have gotten all the details for last year buttoned up and are working towards this year’s goals.  What is next?  The audit! There are a number of elements that an independent auditor will scrutinize in a financial audit; preparing a checklist of these …

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