Improve Your Level of Stewardship and Transparency
Improve Your Level of Stewardship and Transparency – Rocky Davidson, CPA talks about nonprofits and the right accounting solutions. If you have grants, multiple funds, multiple locations, need to track multiple fund raising activities or account for restricted funds, your organization has probably outgrown Quickbooks and you will find it difficult to present the image that you professionally manage your financials.
Improve Your Level of Stewardship and Transparency
Sound financial practices make it easier to compile needed information for grants, protecting the grant you have, but also making it easier to apply for additional grants. Major donors and dynamic board members prefer to be aligned with a well-managed organization that understands and professionally manages its financials.
Many organizations still use quickbooks for their accounting records. QuickBooks is a great accounting package used by millions of small businesses and nonprofits. I am a QuickBooks Proadvisor and really appreciate a lot of its cost effective features.
However, it is difficult to recommend it except for the simplest of nonprofits. If you have grants, multiple funds, multiple locations, need to track multiple fund raising activities or account for restricted funds, your organization has probably outgrown QuickBooks and you will find it difficult to present the image that you professionally manage your financials.
That’s why we at Qbix use tools that enable you to account for all these items in dashboards that enable you to prove your high level of stewardship and the transparency you need. Thanks for listening. If you would like to know more about how we can help your organization,
If you’ve been struggling with QuickBooks, and would like to improve your level of stewardship and transparency, give us a call and we’d be happy to share how Sage Intacct compares and how it might work for your nonprofit organization.
