Your nonprofit has put in a tremendous amount of effort to attract well-qualified staff and responsible volunteers; now it’s time to get to work. Many nonprofits operate with a tight budget (to say the least) so gaining resources at a minimal cost becomes necessary. Where can you turn? The internet, of course! Here are some great financial resources for nonprofit organizations:
CPAacademy.org is a great resource for all nonprofits seeking an education in financial matters. This website offers live webinars, self-study webinars and seminars in various helpful topics. They cover topics in accounting, auditing and tax, and software systems like Excel and QuickBooks. All topics are free of charge - just set up an account and start exploring.
The Journal of Accountancy is a familiar resource for accountants, but it also provides daily professional and regulatory updates, breaking news and videos that can impact many organizations. The magazine does require a subscription, but you can also navigate online through their issue library to find the same articles at no cost. One of the most beneficial articles I’ve read recently was from Maria L. Murphy, CPA - Business Practices That Not-For-Profits Can’t Afford to Overlook. Check out the full article here.
If you don’t have an in-house accountant, you may use QuickBooks every day to record transactions and run reports. But did you know QuickBooks also provides some great step-by-step tutorials? These tutorials offer a greater understanding of how certain processes work. Take a look at some of their courses on basic and more advanced business transactions and procedures - all for no charge.
And last but not least, our Accounting Specialists at Altruic Advisors are always happy to help. Our weekly blog is full of timely and useful information that affects the nonprofit industry.
Our mission is to help nonprofits create good, and one way we do this is by connecting you to the right resources. By using these free options available online, you can get back to running your organization efficiently - and stay under budget, too. You just need to know where to look!