Easy Office Blog

Good article from Kate Barr and Jeanne Bell of CompassPoint on Financial Leadership.  In particular, we like the section where they say:

Invest in contract consultants. So how does an organization with limited resources adequately attend to all three finance functions? Increasingly, we are seeing executives pair contract consultants with staff in the finance function. ...... This way, the executive has a strategic financial partner without creating a fixed staffing cost that she can’t afford. Board members, including the treasurer, have a role that is distinct from the staff finance team. The executive needs an uncomplicated relationship to her finance team so that she can direct them in developing the analysis and reporting she needs as the organization’s financial leader.

Outsourcing can be a key way to develop capacity around your nonprofits finances.  It is a trend we see growing in increasing acceptance.

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Watch this 45 webinar regarding nonprofit financial statements.  We cover how to read and interpret financial statements.  We show examples of reports.  We discuss the unique differences between for-profit and non-profit accounting terms.  It is a useful primer for any Executive Director or non-profit board member.

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Check out this 30 minute video from Mary Leaton, CPA, DIrector of Accounting Services.  She quickly outlines the basic tenants to tracking and managing your grants.  Mary leverages her 20+ years of nonprofit accounting experience, along with her current responsibility for over $100M in grants, to deliver quick succinct best practices.

Let us know what you think!

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Enjoy this 55 minute webinar, followed by 10 minutes of Q&A, delivered by Jeff Russell, CEO of Easy Office.  GIves a succinct overview of all facets for successful nonprofit accounting and bookkeeping.  Includes discussions on nonprofit specific rules and an overview of the required people, processes, and systems required to manage your financial information.   Let us know what you think!

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Here is a great blog by our friends at Blue Avocado.  It is a thoughtful look at what types of nonprofits should scale - the headline "Only Bad Restaurants Go To Scale" caught my eye:  http://blueavocado.org/content/only-bad-restaurants-go-scale

It ties in nicely with a blog from my past, Small is Beautiful, http://youreasyoffice.com/_blog/Easy_Office_Blog/post/Small_is_Beautiful/, that talks about "going to scale" via shared services and outsourcing.  Many of the challenges of size can be solved - not just through warm and fuzzy collaboration - but through established shared service and outsourcing relationships.

When we as a nonprofit sector focus on doing what we do best, all of our clients & causes are better off.

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