Is Your Nonprofit Fully Utilizing Your Accounting Software?

By |2022-03-17T13:14:42-05:00January 18th, 2022|Accounting, Advisory, Assurance, Cash Flow, Compliance, Nonprofit, Process Optimization|

When you take the leap and decide to head to “the cloud,” how do you know what you truly need from your software to gain efficiencies while still maintaining the reporting you need for compliance?

How To Keep Control When You’re Using Credit Cards

By |2022-02-14T17:13:09-06:00December 7th, 2021|Advisory, Budget, Cash Flow, Internal Control|

  Popular finance personalities like to instill fear around credit cards with sayings like: “Cut up the card!” “Credit cards saddle you with high-interest debt!” “You spend more when you use a card.” While credit cards do carry some amounts of risk, finding ways to mitigate that risk and utilize credit cards can provide many [...]

Here’s Your Sign That You May Not Be Fully Utilizing Your Accounting Software

By |2022-02-14T17:13:29-06:00November 9th, 2021|Accounting, Advisory, Cash Flow, Compliance, Process Optimization|

  As I began to write this article, Jeff Foxworthy’s “Here’s Your Sign” joke kept playing on repeat in my head. If you’ve never heard it, Jeff likes to tell stories about everyday circumstances where the meaning behind the situation should be obvious, but some people can’t see how obvious the answer is. For example, [...]

3 Myths of Small Business Success

By |2021-08-04T16:35:49-05:00July 27th, 2021|Advisory, Cash Flow, Goals, Internal Control, KPIs, Preparation, Process Optimization|

  Applications for new businesses have increased over the past year. This is good news, as small businesses drive our economies and bring growth to our communities. But starting a new business isn’t an easy road—22% of small businesses fail within the first year, and 50% fail within the first five years. And with so [...]

The Importance of Liquidity in Decision-Making

By |2021-07-28T12:58:23-05:00June 21st, 2021|Cash Flow, Saving|

  Liquidity is essential for businesses to survive and thrive. Liquidity is a measure of available liquid assets, with cash being the most important. A company’s employees, vendors, and other stakeholders expect the company to maintain adequate liquidity to meet its obligations. It makes sense that liquidity should be factored into important decisions, but it’s [...]

Why Liquidity Is Important In Nonprofit Decision-Making

By |2021-07-28T12:58:13-05:00April 12th, 2021|Cash Flow, Nonprofit, Saving|

  Liquidity is essential for an organization to be able to survive and thrive. Liquidity is a measure of available liquid assets, with cash being the most important. An organization’s employees, vendors, and other stakeholders expect the organization to maintain adequate liquidity to meet its obligations. It makes sense that liquidity should be factored into [...]

How To Manage Cash Flow For Your Growing Business

By |2021-04-08T11:11:24-05:00March 29th, 2021|Budget, Cash Flow, Investment, Uncategorized|

  If you have ever heard the expression “cash is king,” it’s because it is, for now at least. Bitcoin and other cryptocurrencies have been taking off recently, but cash still rules the roost for now. As one of your business’s top resources, it’s essential that cash is well managed, which includes understanding the timing [...]

5 Blind Spots To Avoid When Scaling Your Nonprofit

By |2021-04-08T11:09:35-05:00March 15th, 2021|Advisory, Budget, Cash Flow, Change, Goals, Internal Control, Leader, Nonprofit, Performance Measurement, Preparation, Process Optimization|

  As your organization grows and scales, there are blind spots that sneak up on you. Things were going well in your organization; you were cruising along, enjoying the growth and sustainability and then … BAM! New problems and opportunities seemingly come out of nowhere. Each stage of an organization (startup, growth-stage and maturity) has [...]

5 Blind Spots to Avoid When Scaling your Business

By |2021-04-08T11:09:20-05:00February 15th, 2021|Advisory, Budget, Cash Flow, Change, Goals, Internal Control, Leader, Nonprofit, Performance Measurement, Preparation, Process Optimization|

  Growing a business is a lot like an amusement park. It’s exciting, fun, overwhelming and nauseating. It’s a roller coaster of fear, confidence, joy and panic. It’s a tilt-a-whirl of influence, innovation, and concern. The growth stage of business can be a wild ride, especially when the growth occurs rapidly. This array of emotions [...]

Cash Flow Management Practices For Your Nonprofit

By |2021-04-08T11:12:17-05:00February 1st, 2021|Accounting, Budget, Cash Flow, Donation, Fundraising, Nonprofit|

If you have ever heard the expression “cash is king,” it’s because it is, for now at least. Bitcoin and other cryptocurrencies have been taking off recently, but cash still rules the roost for now. As one of your organization’s top resources, it’s essential that cash is well managed, which includes understanding the timing [...]

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