6 Key Responsibilities of the Nonprofit Finance Committee
NPO
As part of your nonprofit’s board, the finance committee has a fiduciary responsibility to oversee all financial matters, ensure they’re…
Importance of an NPO Budget
NPO
For nonprofit organizations, financial sustainability is closely tied to effective operational management. Since this includes both the timely review of…
The Treasurer’s Role in a Nonprofit
NPO
Every nonprofit needs a capable board member who can take charge of the organization’s financial management. Unlike a paid executive…
How to Prepare a Budget for a Grant Proposal in 3 Steps
Accounting
In Canada, there are many grants and funding opportunities open to nonprofit organizations and growing businesses. Some are specifically designed…
Fund Accounting Basics for Canadian Non-profit Organizations
Accounting
While the accounting systems used by commercial businesses and Non-profit Organizations (NPOs) share plenty of similarities, the critical difference lies…
Key Considerations When Setting Up eCommerce for Nonprofits
NPO
Did you know your nonprofit organization can use an eCommerce store to help fund operations? Not only will selling online…
GST / HST Information for Nonprofit Organizations
NPO
Although charitable and nonprofit organizations (NPOs) are exempt from paying income tax, they are still required to pay and collect…
The Uprise of Microphilanthropy for Nonprofits
NPO
Although we often think of philanthropy in terms of large donations made to charitable organizations by wealthy or long-standing supporters,…
To Gala or Not to Gala? – Post-Pandemic Nonprofit World
NPO
Prior to the pandemic, many nonprofit organizations and charities relied on their annual gala dinner as their main fundraising event.…
Guide to Cybersecurity for Nonprofits
NPO
Ransomware attacks are one of the most common cyber threats to any organization’s data security. In fact, IBM reported that…
An Outlook on Nonprofit Fundraising Trends in Canada After COVID-19
NPO
2020 was undoubtedly the year of COVID-19, an unprecedented (in our lifetime at least) pandemic that created a level of…
How to Improve Your Nonprofit’s Payroll Processing
NPO
When it comes to nonprofits, processing payroll is one of the most important — yet administratively burdensome — ongoing business…