Monthly archive September, 2017

Insight

Is a Cycle Count Program a Good Idea for Maintaining Your Inventory?

September 22nd, 2017

Consider the following scenario: A lower middle-market distributor, with significant inventories held in three separate warehouses, has ongoing inventory systems in order to keep track of its complex inventories. At the end of each year, all locations halt shipping and receiving for one day while inventories are fully counted in order to update financial records. […]

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Insight

Nonprofit Newsbits: Digital Revenue on the Rise & New Top Jobs

September 11th, 2017

Study Shows Digital Revenue on the Rise Online nonprofit revenue in 2016 grew by 14%, and email revenue grew by 15%, according to a new study by nonprofit consultants M+R. Based on input from 133 nonprofits, “Benchmarks 2017” found that Web traffic, email list size, Facebook fans, and Twitter and Instagram followers were all on […]

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Insight

Make the Most of Your Fundraising by Measuring ROI

September 11th, 2017

Donors and other stakeholders continue to look for more accountability and transparency from nonprofits, especially regarding fundraising. Not only is the sum of money raised in campaigns meaningful, but how efficiently you’re able to raise it, too. Interested parties look beyond total dollars raised to also consider associated costs in fundraising efforts. Cost ratios that […]

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Insight

How Nonprofit Leaders Can Keep Learning On the Job

September 11th, 2017

Whether an executive on staff or a member of the board, new to the organization or a long-time veteran, a nonprofit leader sometimes faces tough challenges that a formal development class won’t address. But don’t lose heart. According to the nonprofit Community Resource Exchange (CRE), learning on the job itself can be a rich source […]

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Insight

When Should You Report Grant And Contribution Revenues?

September 11th, 2017

When the Financial Accounting Standards Board’s (FASB’s) new revenue recognition standard was released in 2014, it caused quite a stir across industries. But the standard applies only to revenue from “exchange transactions,” also known as reciprocal transactions. Contributions to nonprofits are nonreciprocal, and your grants may be, too — meaning different rules apply. Recognizing Contributions […]

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Insight

8 Tips for Writing, Or Revising, a Whistleblower Policy

September 11th, 2017

Whistleblower policies encourage staff, volunteers and others to discreetly provide credible information on illegal practices or violations of organizational policies. They protect individuals who risk their careers or take other kinds of risks to report illegal or unethical practices. According to its Report to the Nations, the Association of Certified Fraud Examiners identified tips as […]

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