The Nonprofit CFO’s Survival Guide
Increasing revenue. Consolidating across multiple entities. Budgeting. Implementing internal controls. Facilitating audits and compliance reporting. Sometimes, it’s easy to overlook the fact that CFOs of nonprofit and for-profit organizations alike, share many of the same challenges in pursuit of the same overarching goal: optimizing the returns of the organization’s activities by carefully managing all aspects of its finances.
How can a CFO survive this challenging environment? The following guide discusses some of the key challenges, special requirements, and unusual constraints of financial management and shares some tips and best practices from numerous nonprofit finance experts.
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Accounting 101: It’s still job one
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Internal controls and cash management: The importance of vigilance
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Funds and grants: The lifeblood of a nonprofit
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Reporting and visibility: “Know and show” where you stand
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Cloud-based financial management: Simplifying life for the nonprofit CFO