Often, no year-end is specified for funds and granted money is limited to a certain expense. Grant-providers, however, don’t make the process easy. With such a small budget, many non-profits turn to grants. An automated accounts receivable software can send out reminder emails to donor and members to pay their fees, so you don’t have to.

This is not just in the finance department, but playing a decision making role in operations and human resources, as well.įreeing up time in the finance department by automating a lot of the tedious jobs like collecting on donation pledging and membership fees allows finance professionals to focus on their other roles too. Furthermore, they also reported that they are actively involved in decision making across the entire organization. Nearly all of the senior-level survey respondents reported that they are actively involved in the day-to-day activities of the organization. This is true for non-profit accountants, as well. Most employees are wearing multiple hats in a day’s work. These are the top four challenges non-profit accountants are facing today, according to the study: SPREAD THINĪs with most non-profits, employee numbers are small. Basically, non-profit accounting professionals are expected to do more with less. They often have their hands deep in multiple departments and may not have a team of accountants to back them up. Unfortunately, these aren’t even the biggest challenges that finance professionals at non-profit organizations have to work with.Īccording to a study by Abila, accountants working for non-profits are spread thin across the organization. Compared to accounting peers at for-profit organizations, a non-profit’s budget is much smaller and has less resources to work with. Working for a non-profit is a mighty cause, but it can also be a mighty challenge.

Best expense tracker non-profit