How to Speed Up Your Nonprofit Audit with Audit-Ready Financials

What Goes into a Nonprofit Audit? The audit of a nonprofit organization consists of two parts: An auditor review of your GAAP-compliant financial statements, and a separate compliance audit to assess risk and internal controls. Most financial statement risk in any nonprofit organization comes from errors in judgment or faulty financial management processes. Therefore, an…

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4 Signs Manual Processes are Costing Your Team Time and Money

Like most organizations, you probably dedicate too much time to manual processes. In fact, employees across all functions spend about one-third of their time on repetitive tasks, according to McKinsey, one of the world’s leading management consulting firms. Your finance team likely spends hours every month consumed by manual tasks such as rifling through filing…

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A 5 Step Plan for Selecting the Right Fund Accounting Software for Your Nonprofit

Six common reasons to change fund accounting software If your organization struggles with these six challenges, you might have outgrown your current fund accounting system. Reporting is a struggle that takes too much time. Your organization relies too heavily on inefficient, error-prone manual processes. You depend on unwieldy spreadsheets to analyze performance, sometimes causing reporting…

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3 Signs It’s Time to Up Your Allocation Game and Get True Performance Insights with Dynamic Allocations

Gain a fuller picture into your organization to fuel informed decision-making Allocating, or attributing, revenue and expenses across dimensions helps you better understand the whole operational picture of your organization. It provides clearer insight into the performance of business units, departments, products, projects, funds, and more, since you can derive the complete picture of revenue…

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The Rise of the Data-Driven Nonprofit Finance Leader

The Evolving Role of Nonprofit Financial Leadership Time is the scarcest resource of today’s nonprofit finance leaders. As a nonprofit finance leader, you need to find ways to get away from day-to-day accounting tasks and create time for strategic executive priorities. Recent surveys show that on average, finance leaders set a goal of spending 50%…

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DeRosa Mangold Consulting is one of Bob Scott’s VAR Stars for 2021

DeRosa Mangold Consulting has been selected as a member of the Bob Scott’s VAR Stars for 2021, a group of 100 organizations honored for their accomplishments in the field of midmarket financial software Members of the VAR Stars were selected based on factors such growth, industry leadership and recognition, and innovation. Selection is not based…

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3 Reasons to Make Your Planning More Dynamic

Today having a clear picture of your business’s situation is critical with the constant change driven by disruption and market volatility. We’ve identified three reasons why you need to make your planning more dynamic now. Dynamic planning can help your organization ensure that the right people are continuously involved in the strategic management process, receiving…

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5 Telltale Signs Your Nonprofit has Outgrown QuickBooks

The pains of growing beyond the capabilities of QuickBooks A good fit for a small nonprofit, QuickBooks wasn’t built for the complex needs of an expanding nonprofit. Many small nonprofits manage accounting operations with small business software such as Intuit® QuickBooks®. QuickBooks is a great bookkeeping solution for small nonprofits, but as your organization grows…

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