Fundraising

Good money management is crucial for any nonprofit, regardless of sector or niche. Without the right records, any organization will have difficulty managing funds, transactions and expenses. It’s vital to ensure accountability and control stewardship of reserves.

Digital accounting software can be a major asset for any nonprofit wanting to stay on top of fund management.

These four accounting programs are some of the best out there — and any nonprofit wanting to improve its stewardship of funds may benefit from their use.

The inability to have fundraising events and connect face-to-face with donors has hurt many nonprofits and their money-raising efforts. The pandemic changed the way nearly every type of business operates, including charities.

According to Double the Donation, giving grew 4.1% in 2020, marking a sixth consecutive year of increase. The researchers found that most organizations leave a lot of potential funds on the table and don’t follow up to secure the donations.