Financial Technologies & Management- E-Newsletter for November

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 newsletter articles, tips and tricks and live webinars!!  We have added our weekly tips and tricks to our social media platforms including
Facebook and Linked In in so follow up there as well

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 and MIP Fund Accounting.

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.  Starting in January, 2026, the Nonprofit Financial Forum and MIP User Group will be two separate meetings.

Here is the monthly schedule for 2025:  Please click on link for more information and to register.

Nov 19, 2025    Effective Grants Management and Cost Allocation

Dec 17, 2025    Effective Nonprofit Financial Governance and Leadership

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.  We are pleased to offer client care plan for our QuickBooks Online, MIP Fund Accounting, and Microix Clients.

Please click here for the current and previous monthly newsletters back to 2020.

Best Regards,

James Simpson, CPA

When to Consider a Move to Fund Accounting

Nonprofit organizations operate in a world of complex funding streams, strict compliance requirements, and mission-driven accountability. Unlike for-profit businesses, nonprofits must track every dollar by its purpose, source, and restrictions. That’s where fund accounting software comes in — a specialized solution designed to meet the unique financial needs of nonprofits. But when is the right time to make the switch?

Here are the key signs and scenarios that indicate it’s time for your nonprofit to consider moving to fund accounting software.

1. Managing Multiple Funding Sources
2. Too Many Manual Processes
3. Reporting Needs are Growing
4. Scaling or Expanding Programs
5. Need for Better Budget and Forecasting
6. Preparing for Audit and Grant Review
7. Your team works remotely and needs cloud access

Switching to fund accounting is a strategic move that empowers your nonprofit to operate more efficiently, transparently, and sustainably.

Additional FTM resources to help your organization:

Why your Nonprofit should consider using Nonprofit Accounting Software?

Please click the find out more button for the full article

Making Great Financial Decisions

Making great financial decisions for nonprofits involves a strategic blend of robust internal controls, long-term planning, and transparency, all aligned with the organization's core mission. 

Key strategies and best practices in the following financial areas include:

• Budget
• Grants Management
• Audit
• Governance and Leadership
• Financial Reporting

The full article will provide detailed best practices in these areas.

In order to implement great financial decisions, you need to focus your efforts in the following areas:

• Establish Strong Financial Policies and Internal Controls
• Develop a Comprehensive Financial Plan and Budget
• Ensure Financial Stabiity and Sustainability
• Prioritize Transparency and Accountability

Please contact us to have us help you improve your organization and help you make great financial decisions.

Please click the find out more button below for the full article

Effective Financial Governance & Leadership

The best nonprofits provide effective financial governance and leadership.   The leadership needs to focus on making its organization financial sustainable and continuing to exists for long-term mission and social value.  It is important that all leaders in the organization practice effective governance and leadership for the organization to be financial sustainable and survive.  This starts with board members, treasurer, financial committee, and executive staff and they must establish the proper importance of stewardship and sustainability for the organization that they serve.

The Nonprofit Treasurer Roles and Responsibilities should oversee the following areas:

• Audit
• Budget
• Financial Reporting
• Compliance
• Risk Management, Insurance, and Fraud Prevention
• Financial Policies
• Promote Financial Literacy

There are eight effective financial governance responsibilities to look for in your nonprofit.  Also, we will review the financial areas that the finance committee should review.  Executive Director Leadership should include the following eight areas, and the 12 Golden Rules of Finance.

Please click the find out more button for the full article

Our Staff-Your Team

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 & staff links

Addtional FTM resources to help your organization:

Is now time for financial assessment?

FTM offers client care plan for QBO and MIP users?

Why you should consider an Outsourced Controller or CFO?

Does my Nonprofit Need a Controller?

Eight Reasons to Outsource Your Nonprofit Accounting

Please click here to find our more about our firm and services

Our firm provides all the levels of accounting your nonprofit needs including bookkeeping, accounting, controller, CFO, and software advisory services for nonprofit accounting software including MIP, Microix, QuickBooks, Sage Intacct and AccuFund

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