For decades, nonprofit organizations have played a vital role in building healthy communities. One challenge that constantly faces them, however, is how to sustain operations during an economic downturn.
Most organizations are experiencing some level of financial stress. Even those receiving additional direct service funds may find that having a growing program is stretching administrative staff and operating systems.
Lawmakers are making it easier to convert Payment Protect Program (PPP) loans into grants. Learn how this can be done and how 501 Commons can assist you in applying for loan forgiveness.
The recent outbreak of COVID-19 is causing nonprofits to reevaluate how prepared they are for emergencies. We’ve been monitoring the situation closely and have assembled resources to help your organization adjust to this new reality.
Few accounting software programs can compete with Intuit’s QuickBooks for smaller to mid-sized organizations. Many nonprofit organizations use it for bookkeeping, payroll, and managing fundraising activities.
Nonprofit accounting brings unique challenges, rules, and reporting requirements that for-profit companies don’t have to deal with. If anything is confusing you or causing you to lose sleep at night, partner with us and we can guide your way to better bookkeeping practices.
Confused by finances? We got you! We’re offering tailored financial training for board members and staff that makes key areas of nonprofit accounting easier to understand.
Unsure what to focus on in 2019? Take our free Five Elements of a Healthy Nonprofit Self-Assessment survey to find out!
While nonprofits try their best to promote a community-centric approach to achieving their missions, this approach can often neglect another important audience – their employees. Organizations that want to cultivate more loyal and productive employees can do so by offering a service that many of us don’t often think about: Financial education.
Working on your 2019 budget? Consider the benefits of outsourcing important back office functions to 501 Commons!