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Why nonprofits need nonprofit accounting slideshare

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Why nonprofits need nonprofit accounting slideshare

  1. 1. 05/30/2013 Footer 1NEEDWHY NONPROFITSNONPROFITACCOUNTING
  2. 2. ACCOUNTABILITYMATTERS
  3. 3. FRAUD1
  4. 4. LOSS OF MAJOR DONORS
  5. 5. BOARD MEMBERSFORCED TO RESIGN
  6. 6. FORCED TO PAY DAMAGES
  7. 7. DEMAND2OUTPACINGFUNDING
  8. 8. What do you expect tohappen to demand foryour services in 2013?
  9. 9. What do you expect tohappen to demand foryour services in 2013?INCREASE SIGNIFICANTLY
  10. 10. What do you expect tohappen to demand foryour services in 2013?INCREASE SLIGHTLY
  11. 11. STAY THE SAMEWhat do you expect tohappen to demand foryour services in 2013?
  12. 12. DECREASEWhat do you expect tohappen to demand foryour services in 2013?
  13. 13. 31%42%21%5%35% 36%20%10%41%36%16%7%44%41%12%4%SignificantlyIncreasedSlightlyIncreasedStayed theSameDecreasedDEMAND FOR SERVICES2008 2009 2010 2011Source: 2012 Nonprofit Finance Fund
  14. 14. Do you expect to be able tomeet all of the demand foryour services in 2013?
  15. 15. 56%51% 52% 50%44%49% 48% 50%2009 2010 2011 2012Were Nonprofits Able toMeet Demand for Services?YesNo
  16. 16. 3DONORSDEMANDTRANSPARANCY
  17. 17. INFORMATION IS AVAILABLELIKE NEVER BEFORE
  18. 18. WHERE DID THE MONEY GO?
  19. 19. Do you think the nonprofitsector is on the right track orhas seriously gotten off inthe wrong direction?
  20. 20. 30%32%38%OVERALLRight TrackWrong DirectionNot SureSource: 2010 Harris Poll
  21. 21. 36% 38%35% 33%29%21%16%19%23%34% 38% 37%48%43% 42%33% 33%42%18 - 24 25 - 29 30 - 39 40 - 49 50 - 64 65+BY AGE GROUPRight Track Wrong Direction Not Sure
  22. 22. UNIQUE SOLUTIONS FOR UNIQUE REQUIREMENTSWhy aNonprofitspecificsystem?
  23. 23. Unique reporting requirements
  24. 24. Drivedifferentbusinessprocesses
  25. 25. Ensure donor andgrant restrictionsand intent are met
  26. 26. Provide internalaccountabilityto safeguardassets
  27. 27. Make timely financialinformation readilyavailable to donors andpotential donors
  28. 28. Provide actionable data tomanagers to use in strategicdecision making
  29. 29. Demonstrateaccountability tomultiplestakeholders
  30. 30. Supportyouruniquebusinessprocesses
  31. 31. Track andmanage grants
  32. 32. Manageendowments
  33. 33. Track and reporton restrictions
  34. 34. Create meaningful budgets
  35. 35. Comply with nonprofitreporting requirements
  36. 36. Whatdo youhave?
  37. 37. THANK YOU!Twitter: @JeffSobersSlideShare: www.slideshare.netjsobers1

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