Aug 12, 2022
Nonprofit organizations often enter and manage key financial data in places other than their accounting system—and require that the data flow into the general ledger.
But getting the data from those systems—for managing fundraising, membership, grants, or services—into the accounting system is rarely as straightforward as we would like it to be.
In this episode part 1, three of Build’s experts lead a discussion on how nonprofit development and accounting teams can better work together in managing financial data.
The Questions
We shared our thoughts in answer to the following questions:
- What are the differing viewpoints or priorities of Development and Accounting when it comes to managing financial data?
- How can we resolve misunderstanding between Development and Accounting about how to categorize gift records?
- Our chart of accounts is currently very complex and confusing, which makes it very difficult to map gift records to the GL for integration. Is there a solution?