Financial Technologies & Management has served as your local trusted software advisor for the last 22 years. As a way of saying thank you for letting us provide you nonprofit accounting solutions, we wanted to offer you a free software assessment to help you make the following decisions. Module assessment and review-We will review your… Read More »

Whether your public charity is in the early years of formation or has operated for decades, there is one particular mathematical calculation that should always remain at the forefront of your decision making — the public support test. It is a small but mighty calculation that is vital to maintaining status as a public charity.… Read More »

Nonprofit organizations are more vulnerable than ever to fraud or errors in the organization’s financial statements. With employees, management, and board members focused on helping people in the communities the nonprofit serves, time and attention to key financial internal controls has more than likely been refocused to the organization’s mission and purpose. However, these are times… Read More »

The Small Business Administration (SBA) has released new guidance intended toexpedite the forgiveness process for certain borrowers under the PaycheckProtection Program (PPP). The simplified process generally is available for loans of$150,000 or less, which the SBA reports account for 93% of outstanding PPP loans.The guidance comes at a time when many borrowers are nearing a… Read More »

As a nonprofit organization, you know that the most significant difference between you and a for-profit company is the goal. They use their time and resources to bring in money, but your objective is to use your time and resources to affect positive change for your cause. On the surface, you might expect that standard… Read More »

Contact FTM to learn more about basic data import for MIP.  We can work with you to establish a data import or prepare it for you. The MIP article will address the key concepts for import.  You need to own the data import/export module to perform imports but most organizations do own this module as… Read More »

There have been quite a few changes to Nonprofit Accounting since 2018 and most of the changes should have fully by implemented by now so maybe you thought all the changes were done.   However, there are still Nonprofit Accounting changes over the next several years that you should be aware of that will implement your… Read More »

FTM has served as your trusted MIP expert since 1999 to resell and implement MIP Fund Accounting and MIP Cloud to over 150 Nonprofit Organizations. We serve our local communities with our feet on the street approach. Our firm is rigorously certified and annually recertified to make sure that we stay up on the latest… Read More »

The U.S. Small Business Administration (SBA) and Treasury issued an 18-page document Tuesday detailing how Paycheck Protection Program (PPP) borrowers should calculate revenue reduction and maximum loan amounts for second-draw PPP loans. The guidance also lists the documents borrowers must provide to support each set of calculations. The release came after SBA and Treasury issued three pieces… Read More »

As a nonprofit organization, your goal is to use your time and resources to affect positive change for your cause. Since money is one of the many tools in your arsenal, you’ll need a way to keep track of what you have and how it’s being spent. An effective bookkeeping system is essential for making… Read More »