A Guide to Strong Financial Leadership – Series Articles

by | Nov 27, 2020

Throughout the last several years, we have written articles for your nonprofit to focus on surrounding financial planning, monitoring, operations, and governance. Many of these articles have been included in our “Guide to Strong Financial Leadership” series.

The articles in this series are listed below:

Accounting Best Practices:

Stephanie Underwood, Vice President of Accounting Services at NFP Partners, recently conducted a comprehensive training session on accounting best practices. During the presentation, Stephanie emphasized the following: Importance of implementing sound accounting...
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Monitoring Your Nonprofit’s Financial Success

One area NFP Partners focuses on is helping our nonprofit clients monitor their financial performance. This includes solid budgeting, monitoring the budget-to-actual revenue and expense, and forecasting the future. Cash forecasting is especially important given the...
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Interpreting Financial Reports

At NFP Partners, we’ve dedicated many of our Blog articles to growing nonprofit financial managers' knowledge in planning for financial growth and avoiding financial uncertainty. This article is another example of such! If you’re here to learn how to effectively...
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Planning Your Nonprofit’s Sustainable Financial Management – A Guide to Strong Financial Leadership

NFP Partners has talked about areas to focus on that relate to nonprofit financial planning, monitoring, operations, and governance. In a previous article, we wrote about focusing on governance. We've also discussed the strong financial leadership a nonprofit...
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How Your Nonprofit Can Create Effective Dashboards

Let's take some time to focus on the development of a strong nonprofit financial leadership model to the Board of Directors. Members of the Board have a fiduciary responsibility to the organization they are overseeing. Accordingly, Boards and finance committees have...
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A Guide to Strong Financial Leadership – Measuring Your Nonprofit’s Operations

We continue our series on developing a strong financial leadership model. This month, we are looking at what should be done in your nonprofit's operations to ensure such a model. Determining your nonprofit's true costs An important, but sometimes complex, aspect of...
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Selecting Your Nonprofit’s Accounting System – A Guide to Strong Financial Leadership, Pt. 7

As nonprofit accounting consultants, we frequently hear about the inefficiencies relating to a nonprofit's accounting software. Namely, we hear grievances from finance directors who resort to using Excel more than their accounting system. They track grant expenses to...
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Building Your Nonprofit’s Strong Leadership Model, Pt. 6

We continue our series looking at developing a strong financial leadership model. In this article, we will focus on operations. We will talk about effective organizational policies for internal controls, how your nonprofit's accounting software can improve operational...
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How to Gain Fiscal Growth – A Guide to Strong Nonprofit Financial Leadership

Growing in financial confidence continues with a look at financial growth, the goal of every nonprofit. Does your organization have a successful program that produces positive results? Why not replicate that for growth? Steps to help your nonprofit gain fiscal growth...
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A Guide to Strong Nonprofit Financial Leadership- Avoiding Fiscal Uncertainty

In last month’s conversation on financial planning we looked at using the annual budget; this month our financial planning topic is avoiding financial uncertainty. We have had clients that have come eerily close to that fiscal cliff. This uncertainty happens when...
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