“Are We Paying Our Executives Appropriately?”
October 23, 2020 - Executive compensation is an important issue, and COVID-19 has created new considerations. Answering these three questions will help your organization determine if you're paying your executives appropriately.
The Need for Vendor Management: Outsourcing the Support but Not the Oversight
October 16, 2020 - With the growing threat of cyber breaches, it’s crucial to be aware of the risks that vendors can pose to an organization and manage them accordingly.
6 Key Considerations for Budgeting in Changing Times
October 16, 2020 - There is still considerable uncertainty about the global pandemic and its long-term effects, and budgeting effectively when so much is unknown can feel overwhelming. These considerations and steps can help you assess and modify your budget to the new realities we encounter.
FASB Approves Accounting Updates to Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets
October 15, 2020 - FASB has issued an ASU intended to improve transparency in the reporting of contributed nonfinancial assets, also known as gifts-in-kind, for not-for-profit organizations.
The Ministry of Management
August 19, 2020 - While the word “management” does not appear in Scripture, the functions of management are part of the activities of the gift of administration or governing mentioned in Romans 12 and I Corinthians 12. Guest author Jim Canning shares his insight on the ministry of management and the continual need for skilled people wanting to serve the Lord in this manner.
Reforecasting Your Budget
August 19, 2020 - A static budget remains useful when spending is generally predictable and consistent. But in the current reality of our unprecedented economic and social times, organizations need to understand how to reforecast static budgets so their executive teams can make real-time informed decisions.
Strengthening Internal Control in the COVID-19 Environment
August 19, 2020 - A strong internal control system has always been a priority for nonprofit audit committees and management teams. Here are five tips your management team should consider to strengthen your internal control environment in response to a remote environment.
Managing Compensation in The ‘New Normal’
August 19, 2020 - Because compensation is generally the largest expense for most nonprofits, it is no surprise that many have been forced to reduce or eliminate salaries, and discontinue any bonus and incentive plans during the pandemic. This article looks at few things we can expect moving forward and some general guidelines for managing compensation in the new normal.
Applying for PPP Loan Forgiveness
July 17, 2020 - A comprehensive look at Paycheck Protection Program (PPP) loan forgiveness, including changes arising from the enactment of the Paycheck Protection Program Flexibility Act of 2020 and subsequent SBA guidance.
Questions and Answers About the Economic Injury Disaster Loan (EIDL) Program
July 2, 2020 - The Economic Injury Disaster Loan (EIDL) program reopened applications to qualified small and agricultural businesses on June 15, 2020 after receiving more funding through congressional action. Learn about the funding available, who is eligible to receive it, and how it can be used.