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AAFCPAs Managed Accounting Solutions Practice Recommends Three Strategic Budgets for Nonprofits

AAFCPAs Managed Accounting Solutions Practice Recommends Three Strategic Budgets for Nonprofits

It can be tempting for finance teams and executive leadership of nonprofits to focus mostly on near-term strategy.  However, in order to ensure sustainability, AAFCPAs advises nonprofits to broaden the scope of their financial planning process to address the challenges of the current economic and funding landscape, and to ensure sustainability in the long-term. We encourage clients to consider short and long-term strategies, and to develop three distinct but complementary... continue reading

AAFCPAs & MENTOR’s Partnership in Charting a Sustainable Future

AAFCPAs & MENTOR’s Partnership in Charting a Sustainable Future

How Did One Nonprofit Explore Creative Approaches to a Sustainable Model? For nonprofits, charting the future is complex. The search for creative, strategic approaches to sustainability is continuous, and many organizations have struggled to achieve long term, mission-aligned profitability. In its work with MENTOR: The National Mentoring Partnership, AAFCPAs evaluated the organization’s financial and operational position and helped illuminate avenues for growth. Their work together led to an improved outlook,... continue reading

AAFCPAs to Present on Strategic Budgeting for Association Executives

AAFCPAs to Present on Strategic Budgeting for Association Executives

AAFCPAs’ Jeffrey Cicolini, CPA, CGMA will present an educational workshop titled “Rethinking Your Budget – Leading a More Comprehensive Financial Planning Process.” This session is part of the New England Society of Association Executive’s (NE/SAE) Annual Management Conference, scheduled for January 18-19, 2018, in Newton, MA. This presentation will provide insight to association executive management in order to broaden the scope of their financial planning process to address the challenges... continue reading

Ensuring Sustainability Means Nonprofits Need to Act Now

Ensuring Sustainability Means Nonprofits Need to Act Now

MassNonprofit News | Although nonprofits cannot control market forces and potential changes in funding, they can take steps to ensure sustainability and greater capacity by broadening the scope of their financial planning process.  AAFCPAs Jeffrey Cicolini, CPA, CGMA provides actionable insights to help nonprofits ensure long-term sustainability.

AAFCPAs to Present Educational Workshop on KPIs, Dashboarding for NonProfit Financial Managers

AAFCPAs’ Carla McCall, CPA, CGMA and Robyn Leet will present an educational workshop on Leading Indicators: Choosing Key Performance Indicators That Matter & Dashboarding at the Nonprofit Financial Managers (NPFM) forum in Boston on October 26th. A critical component of nonprofit effectiveness is the organization’s ability to identify and track meaningful “leading indicators” that serve as mile markers to tell if your organization is headed in the right direction—a course... continue reading

AAFCPAs to Present Educational Workshop on Strategic Budgeting at MNN Annual Conference

AAFCPAs will happily present an educational workshop on Rethinking Your Budget: Leading Your Organization through a More Comprehensive Financial Planning Process at the tenth annual, 2017 Massachusetts Nonprofit Network (MNN) Conference in Framingham, MA on November 1st. This is an exciting, must-attend conference for nonprofit executives, board members and advocates. It provides exceptional professional development and networking for over 600 nonprofit professionals and for-profit affiliates from across the state. We... continue reading

AAFCPAs to Present Educational Workshop on Strategic Budgeting at MNN Annual Conference

AAFCPAs to Present Educational Workshop on Strategic Budgeting at MNN Annual Conference

AAFCPAs will happily present an educational workshop on Rethinking Your Budget: Leading Your Organization through a More Comprehensive Financial Planning Process at the tenth annual, 2017 Massachusetts Nonprofit Network (MNN) Conference in Framingham, MA on November 1st. This is an exciting, must-attend conference for nonprofit executives, board members and advocates. It provides exceptional professional development and networking for over 600 nonprofit professionals and for-profit affiliates from across the state. We... continue reading

Best Practices in Managing Your Nonprofit Operating Budget

Accurate budgeting is critically important to the success of any business, and especially important for nonprofit organizations that may have stretched resources, fluctuating funding, and/or heavy reliance on specific funders.  The operating budget is a key tool in effectively and efficiently achieving the organization’s stated purpose, and should align with your organization’s strategic plan. A well-formulated operating budget allows for best use of limited nonprofit resources and sets the course... continue reading

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs is excited to announce the release of our 8-part educational podcast series offering actionable takeaways for organizations to improve efficiency, effectiveness and performance controls. This collection of podcasts is the 2nd series of recordings from AAFCPAs’ Annual Nonprofit Educational Seminar. These podcasts, and accompanying introductory videos, feature full audio of thought-provoking sessions recorded on May 3rd, 2017 in front of a live audience of 300+ nonprofit executives and board members.  Several... continue reading

The Bucket System: Managing Your Assets in the Face of Volatility

The Bucket System: Managing Your Assets in the Face of Volatility

Nonprofit World Magazine – Joel Aronson, wealth advisor, AAFCPAs Wealth Management provides members of the national Society for Nonprofits (subscriber content) with insight into a simple system that is key to financial stability. As a nonprofit leader, you’re no stranger to cash flow crunches. But you can attain a new level of stability if you persevere with a vision of stronger revenue capital management. The key is to look at your... continue reading