Financial Technologies & Management- E-Newsletter for April |
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| Upcoming Live Webinars Dear {CONTACT.SALUTATION} We hope you find our monthly E-Newsletter useful for your nonprofit organization. We are pleased to provide you with access to our knowledge articles and live webinars!!
These live webinars will help Nonprofit Leaders, Treasurers, Finance Directors, Finance Staff, Executive Directors and other Nonprofit Staff.
Our upcoming live webinars for financial management training are broken into the following areas: Nonprofit Financial Forum, Nonprofit Finance Certificate, MIP Fund Accounting, and Financial Management Training.
We are pleased to announce our 2025 Nonprofit Financial Forum and MIP User Group which we have combined together for 2025 with the Forum during the first hour and the MIP user group for the last 30 minutes. Here is the monthly schedule for 2025: Please click on link for more information and to register. Apr 30, 2025 Presenting Financial Reports
May 28, 2025 Effective Grants Management and Cost Allocation Jun 25, 2025 Effective Nonprofit Financial Governance and Leadership Aug 20, 2025 Tips for Smooth Audit and Common Audit Pitfalls Sep 24, 2025 Building a Better Budget Oct 29, 2025 Presenting Financial Reports Nov 19, 2025 Effective Grants Management and Cost Allocation Dec 17, 2025 Effective Nonprofit Financial Governance and Leadership
We are pleased to announce that will be once again presenting and exhibiting at the 16th Annual MIP User Conference on October 14-16 in Las Vegas. Please click 16th Annual MIP User Conference for conference web site and to register. Please let us know you are coming and email us that you were referred by us so we can schedule some time together in Vegas.
Please contact us via phone, email, or directly book a consultation on my calendar for all current and prospective clients. Also, you can use the contact us page to subscribe to our newsletter for you, your staff, or your colleagues. Please click here for the current and previous monthly newsletters back to 2020. Best Regards, James Simpson, CPA, CFE, CITP, and CGMA. |
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Presenting Financial Reports |
Your board members have a fiduciary responsibility to monitor your nonprofit’s budget and financial health. Reviewing financial reports allows them to ensure your organization is managing its budget properly and complying with Generally Accepted Accounting Principles (GAAP). Having clear and accurate financial reports can go a long way towards establishing trust in potential donors looking for organizations to support. Nonprofit Financial Reports allow you to - Improve financial decision making
- Secure more funding
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Engage program managers
We will review the financial reports to be presented at every board and finance committee meeting. We will review the four types of reporting needed by the board. We will review Financial Difficulty Reporting. The Key Steps to Presenting Financial Information to the Board will be reviewed along with tips and tricks that we have found useful. We will finish with how to prepare your Nonprofit Financial Reports.
Please click on the find out more for the full article |
| Effective Grants Management and Cost Allocation |
In order to provide effective grants management, we need to make sure that we are performing bookkeeping at the grant level. Our grant accounting needs to properly allocate costs to the grants while maximizing our grant reimbursement and avoiding any cost disallowance.
Federal grants and awards are specifically identified and require a financial management system that identifies the source and application of federal funded activities. Federal grants typically require written procedures around payment requirements, allowability of costs, procurement procedures, standards of conduct, and ability to prepare Schedule of Federal Awards. (SEFA) The following changes are effective October 2024: - Single audit threshold increased from $750,000 to $1,000,000 for funds expended during your fiscal year
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De minimis rate increases from 10 to 15% for indirect costs with no negotiated rate exists with federal agency
Please click on the find out more for the full article |
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Our firm has grown because of strong client relationships with referrals from our clients and other referral partners. Our staff is very experienced at performing the accounting function for our clients. Our nonprofit accounting services includes bookkeeping, accounting, controller, and CFO services. Our nonprofit software accounting software expertise be composed of QuickBooks Online, MIP Fund Accounting, Microix, and Sage Intacct. Our nonprofit software services comprise software assessments, sales, data conversions, implementations, training, support, and project management services. Our financial management training consists of our monthly news letter, nonprofit financial forum, MIP user group, and other training.
Our approach is to work with you to determine how your organization can best benefit from our professional services. We realize that organizations don't have the resources to have a full accounting staff, so we focus on filling the accounting staffing gaps. We deliver quality accounting, bookkeeping, advisory, and tax services to ensure you have everything you need to make a significant impact for your cause. Our firm provides the most experienced staff at affordable rates.
Please click on the find out more for the full article and staff member links |
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FTM offers client care plans for our QuickBooks Online, MIP Fund Accounting, and Microix Clients. |
We are excited to expand our software advisory services by offering a client care plan to our QuickBook Online clients.
FTM Client Care Plans provide unlimited support via phone, email and online meetings with certified consultants with more than a decade of experience! You talk with the same person who knows your organization and your special needs. All finance team members with prior training are eligible.
FTM has certfied trainers, dedicated trainer support line, average response time is 2 hours or less, and priority client assistance to meet your needs and insure you are fully utilizing your accounting software investment.
We offer three plans that start at $500 per year. Our plans cover everything and don't have limitations like the M&S plan provided by MIP and MIcroix including offerring accounting services help as well.
The bronze plan is $500 per year includes 5 hours of email, telephone, remote, and online meetings. The silver plan is $2,500 per year includes unlimited email, telephone, remote, and online meetings. Software issues are resolved quickly.
Our client care plans insure you are better utilizing your accounting software. Please click full article for our client care plans for Quickbooks Online, MIP Fund Accounting, and Microix Clients. |
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