Posts tagged with "Grant Management"

Are You In Need of a True Fund Accounting Solution for Your Nonprofit Organization?

Are You In Need of a True Fund Accounting Solution for Your Nonprofit Organization?

Are You In Need of a True Fund Accounting Solution for Your Nonprofit Organization? Yes, No, or I Don’t Know?

We’ve got a quick survey that you can take:

Y N Don’t know – Do I have specific restrictions that I must apply to funds?

Y N Don’t know – Can I easily measure the performance of a program or activity?

Y N Don’t know – Am I able to create reports for varying fiscal years?

Y N Don’t know – Do I have funds that need to be recorded as encumbered?

Y N Don’t know – Can I perform allocations of indirect costs by grantors?

Y N Don’t know – Can I easily tailor reports for each funding source?

Y N Don’t know – Does my current solution incorporate nonprofit-specific accounting rules?

Y N Don’t know – Can I easily manage and report on multiple budgets?

Y N Don’t know – Can I easily show how money is tracked or budgeted?

Y N Don’t know – Does my current solution integrate with other software?

Are You In Need of a True Fund Accounting Solution for Your Nonprofit Organization?

If you answered “Yes” to all these questions, congratulations! You are in very good nonprofit accounting technology shape. If you answered “No” to any of these questions, it may be time to contact FTM for a free consultation.

We invite you to download the article ’10 Reasons Why Nonprofits Need True Fund Accounting

Financial Technologies Management LLC (FTM) has been serving the accounting services and technology needs of nonprofits since 1999. Our exclusive focus on nonprofit organizations means we have the experience and proven track record to guide you to the best combination of accounting resources to provide the optimal capacity, utmost stewardship and ability to fulfill your mission.

Are You In Need of a True Fund Accounting Solution for Your Nonprofit Organization?

Need accounting help but unable to find and hire candidates with the appropriate skills? Contact FTM. Many Executive Directors have discovered that outsourcing their accounting to FTM is affordable and immediately connects them with an expert accounting team to manage activities and provide insight. Many have found that this is the perfect solution when there’s not enough budget nor need for a fully staffed in-house accounting department.

Do you have a fully staffed accounting department but need better reporting and integration with other mission-critical solutions in use within the organization? FTM works with all leading nonprofit accounting software solutions and can guide you to the solution with the perfect fit. We’ll be your resource from evaluation to selection to implementation to support and training.

Effective Grants Management and Cost Allocation Nonprofit Forum

Effective Grants Management and Cost Allocation – FTM Nonprofit Forum for April 25, 2018

Nonprofit Forum Agenda for April 25th

11:30 to 1:00 – Financial Management Topic

Nonprofit Forum Registration – free for Nonprofit Organizations

Effective Grants Management and Cost Allocation

How should you perform your grants management and cost allocation responsibilities? We will describe the best practices for these responsibilities. Please bring your questions so we can have a candid and productive conversation.

We will cover the critical aspects grants management and cost allocation including:

  • General grants management requirements
  • Governance requirements for grants administration
  • Review Uniform Grant Guidance
  • Internal control and financial management system requirements for federal awards
  • Schedule of Expenditures of Federal Awards and associated audit requirements
  • Cost Allocation methodologies including examples
  • Cost Allocation plan requirements
  • Best practices for grant budget financial management
  • Best practices for grant reporting and reconciliations
  • Performing an effective grant close out
  • How to use your accounting system to perform grants management role?
  • How to maximize your grant reimbursement?
  • What are signs that grants management role is not being performed?
  • How should you as leader evaluate your various options?

We will share our expertise and candid advice to better prepare you for these complex decisions.

3 Key Things you will learn include:

  • What are best practices for performing grants management role effective?
  • What are federal compliance grants management requirements?
  • What are signs that grants management role is not being performed correctly?

Those attending the forum will receive handouts.

Click here to register for the April Nonprofit Forum