Webinars

After surviving a sudden shift to dramatically altered working conditions during the pandemic, many nonprofits are now asking what more they can do to streamline finances and operations. This moment presents an opportunity to take steps that can help minimize risks, focus scarce resources on your mission, and build your nonprofit’s sustainability for the long-term.

Read more ›

Nonprofit leaders have always faced a unique set of challenges: how to do the most with less, how to serve constituents, and how to comply with an ever growing, ever changing, endless array of varied reporting requirements. Digital transformation is upon us, and with it comes even greater need for the nonprofit leader to understand and make critical decisions with data in as close to real-time as possible.

Read more ›

Spreadsheet-based budgeting and planning is never “board-worthy”, and it doesn’t provide finance teams enough time to do what-if analysis and forecasting. Using a budgeting and planning solution that integrates with your accounting system can save hours to days’ worth of work and eliminate common pitfalls of spreadsheet-based processes. With the right budgeting software, everyone works on the latest version and knows who updated the budget and when. You can create and save multiple scenarios within a single budget, so you have a better handle on your process.

Read more ›

Any accountant knows that the Chart of Accounts is the heart and soul of an accounting system. If your chart of accounts is messy, financial reporting and inquiries throughout your system become a struggle. There are a number of accounting software tools that help to exacerbate this problem. Does grandchild accounts of child accounts rolling up to a parent just to be able to get data presented “by department” sound familiar? How about a segmented chart of accounts where you have to remember that 5000-100-200-4 means Office Supplies for your NY office, but 5000-101-200-3 means Office Supplies for your DC office? This is NOT a modern chart of accounts, and we are ready to show you how to leave these struggles behind.

Read more ›

As an accounting system user, you know that every field and business rule you need in a financial system is most likely not going to be there “out of the box.” Depending on the system you use, some of what you want or need might NEVER be there because what you see is what you get. For other systems, you can get what you want, but be prepared to pay hefty tech consulting fees for coding-driven customization. This isn’t what anyone wants to hear, and this isn’t how things have to be!

Read more ›

Another Sage Intacct quarterly release is here! Sage Intacct, a best in class cloud financial management platform, is the first and only cloud financial management solution endorsed by the AICPA. One of its many outstanding qualities is the frequency of new feature releases; Sage Intacct seamlessly releases four quarterly releases per year. Each release is rich with enhancements and new features bringing you the latest and greatest in financial management automation and excellence.

Read more ›

Start the New Year with all the tools your business needs to maintain contract compliance and excel financially. Join GRF’s Government Contracting Team for an overview of the compiled or reviewed financial statements required for 8(a) contractors at certain revenue thresholds.

Read more ›

Few industries have more varied reporting requirements or as stringent a need for transparency as the nonprofit space. Nonprofits routinely deal with an exponentially growing demand for reporting transparency, granularity, and flexibility. You’re still working with the aftermath of the biggest accounting standard changes in 20+ years. Nonprofits have an array of sub-industries; you might be a membership association, a museum, a social service organization, and so on. All this points to the need for powerful financial reporting, and unless your financial accounting and reporting system truly understands nonprofits, you’ll be left turning to Excel and lots of man hours.

Read more ›

Join GRF CPAs & Advisors and the NC State Poole College of Management Enterprise Risk Management Initiative for this 3-part on-line workshop series on Navigating the World of Uncertainties Impacting Non-Profit Organizations.

Read more ›

The art of professional services has evolved wildly over the years and brought with it increasing expectations from stakeholders on all sides. We live in an era where the expectation is that information is available at the click of a button, and that information better be as close to real-time as logistically possible. Professional service companies and project-based businesses are tasked with the challenge of making sure their time entries get in, charging the time to the correct projects, allocating costs, paying vendors and contractors, and making sure every cent possible is billed back to customers to keep profit margins strong. Thankfully, the digital transformation of accounting and its related technologies means that all this work doesn’t have to bury your team.

Read more ›

Professional service and project-based organizations have no shortage of things they need to report on. Are all of your team members appropriately utilized (aka being used in their professional competencies)? What percentage of their time is billable? How much revenue have you earned on your fixed fee project and how much should remain as deferred revenue? Have you actually billed back all the costs and expenses you are allowed to bill back to your customer? That’s just a sampling of questions. Take a trip down imagination lane and we could come up with dozens more. The unfortunate part is that the answer to most of these questions today might be “I have an Excel sheet for that – let me get back to you.” It’s time to make that easier.

Read more ›

In this era of the 24-hour news cycle and instant social media amplification of any scandal, nonprofit organizations have to be more cautious than ever about their stewardship. Funders have seen and heard too many stories of fraud, malfeasance, and poor financial leadership within the nonprofit industry.

Read more ›

Sage Intacct Advanced CRM Integration for Nonprofits allows you to gain strategic insight with combined CRM and financial data. You choose the right level of visibility for analysis and decision-making with flexible summary or detail options based on the revenue stream. The finance team has the flexibility to choose which revenue-related information to share with Salesforce users—and as long as they have a Salesforce license, they have access to that data. In addition, communication across teams is easy with integrated Salesforce Chatter and Sage Intacct Collaborate.

Read more ›