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The AcctTwo team presented Sage Intacct tips and tricks at the 2021 Faith-Based Finance Collaborative on the following topics: Budgets, Smart Rules, Purchasing Approval Configurations, Scheduling Reports, KPIs, Dimension Balance Reports, Template Imports, Checklists, and 1099s. Check out the video below to learn about template import tips and tricks.  Here is the link to the video.   About the Faith-Based Finance Collaborative AcctTwo's Faith-Based Finance Collaborative is a time when faith-based finance professionals and leaders can come together.   It is so important to lean on trusted advisors and your collective network. Other ...
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Recently we hosted our 6th annual Faith-Based Finance Collaborative, our church finance conference. As part of the event, Carl Tierney - CEO & Founder at Vision 2, presented a session on   online giving for churches . Vision 2 realized that giving experiences felt more like bill payment and less like an act of worship. There was no personalized thank yous - just a transaction like paying your utility bill. It inspired them to start Vision 2.   What Your Giving Experience Should Look Like Less transactional - more personal Comprehensive enough to deal with household correctly Managing multi-campus and virtual sites Able to provide pictures, content, ...
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Recently we hosted our 6th annual Faith-Based Finance Collaborative. As part of the event, Tony Choquehuanca, Sales Director Midwest Region at Altec, presented an engaging session on how to meet the demands of the   remote workforce .  In January 2020 Tony and his family visited New York City and in a matter of months following that visit, the world changed dramatically. New York City, as well as the rest of the United States closed down and sheltered in place.   COVID-19 caused companies to reevaluate how they did business and their processes in the new remote world.  The Future of the Remote Workplace According to a Gartner June 2020 survey, ...
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The AcctTwo team presented Sage Intacct tips and tricks at the 2021 Faith-Based Finance Collaborative on the following topics: Budgets, Smart Rules, Purchasing Approval Configurations, Scheduling Reports, KPIs, Dimension Balance Reports, Template Imports, Checklists, and 1099s. Check out the video below to learn about checklist tips and tricks.    About the Faith-Based Finance Collaborative AcctTwo's Faith-Based Finance Collaborative is a time when faith-based finance professionals and leaders can come together.   It is so important to lean on trusted advisors and your collective network. Other perspectives, experiences, and expertise ...
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I had someone ask me recently how to handle church members who were no longer making donations to the church. This person asked if it was appropriate to contact the member and simply ask the question. I kind of cringed when they said this because this is one of those potentially awkward and volatile situations that need to be handled very thoughtfully, gently, and prayerfully. The right approach to addressing the issue could result in increased donations for the church. However, an insensitive approach could potentially backfire and cause hurt feelings – that may be difficult to mend. Depending on the   culture   and teaching of a particular church, ...
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Sage Intacct Tips & Tricks The AcctTwo team presented Sage Intacct tips and tricks at the 2021 Faith-Based Finance Collaborative on the following topics: Budgets, Smart Rules, Purchasing Approval Configurations, Scheduling Reports, KPIs, Dimension Balance Reports, Template Imports, Checklists, and 1099s. Check out the video below to learn about 1099 tips and tricks.    About the Faith-Based Finance Collaborative AcctTwo's Faith-Based Finance Collaborative is a time when faith-based finance professionals and leaders can come together.   It is so important to lean on trusted advisors and your collective network. Other perspectives, ...
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Recently we hosted our 6th annual Faith-Based Finance Collaborative. As part of the event, Martus Solutions, presented a session on what to avoid and how to make managing your church budget easier. Does this sound like you? Every year you are asked to prepare a budget the the following year. Getting up to 45 ministry leaders to submit their budgets on-time is a trying and stressful process. However necessary for you to complete the overall budget.  Common Budgeting Challenges: Exhausting Excel errors with formulas, copying & pasting, bad data Questions via email that can be easily missed Not having the most up-to-date spreadsheets Excel is ...
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E ven with all of its numerous challenges, a silver lining could have emerged from 2020. As the doors of many organizations closed, nonprofits were forced to leverage the resources and tools they had available. With galas and runs canceled and direct mail paused, the sector braced for what was to come. If connecting with our colleagues became something that had to be done with greater intention, reaching out to constituents required a real concerted effort. As the dust settles from 2020, we are witnessing a remarkable shift. The digital “nice to have” days are out, and the days for a digital-first strategy are in. While many could have anticipated an online ...
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The AcctTwo team presented Sage Intacct tips and tricks at the 2021 Faith-Based Finance Collaborative on the following topics: Budgets, Smart Rules, Purchasing Approval Configurations, Scheduling Reports, KPIs, Dimension Balance Reports, Template Imports, Checklists, and 1099s. Check out the video below to learn about smart rules tips and tricks.    About the Faith-Based Finance Collaborative AcctTwo's Faith-Based Finance Collaborative is a time when faith-based finance professionals and leaders can come together.   It is so important to lean on trusted advisors and your collective network. Other perspectives, experiences, and expertise ...
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Recently we hosted our 6th annual Faith-Based Finance Collaborative. Bill.com has been a long-term partner and sponsor of our collaborative and presented at the event. Mitchell Yee, Senior Manager - Channel Partnerships at Bill.com, spoke to Cody Maynard - CPA, Pastor of Business Administration at Victory Life Church, about the benefits of enhancing your accounting system with AP Automation.  What are the benefits you are seeing from Sage Intacct? [Victory Life Church]  We switched over to Sage Intacct in 2014. At that time we had merged with a few churches and we were struggling to pull it all together in one accounting system. Sage Intacct was a huge ...
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Perhaps more so than in the for-profit sector,   leadership is crucial to the success of nonprofits   in which nickels need to be stretched not into dimes but quarters. Nonprofit CEOs, executive directors and board chairs need to wear multiple hats and be effective in multiple roles. After three decades in the sector as an executive director, development officer, board member and now consultant/trainer, I have an enormous respect and admiration for nonprofit leaders —, both those who are paid to go the extra mile and those who go the extra mile without being paid at all. In the era of COVID-19, nonprofit leaders have been challenged and tested like never ...
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Budget Tips & Tricks with Shadi Mossad from AcctTwo The AcctTwo team presented Sage Intacct tips and tricks at the 2021 Faith-Based Finance Collaborative on the following topics: Budgets, Smart Rules, Purchasing Approval Configurations, Scheduling Reports, KPIs, Dimension Balance Reports, Template Imports, Checklists, and 1099s. Check out the video below to learn about budget tips and tricks.  About the Faith-Based Finance Collaborative AcctTwo's Faith-Based Finance Collaborative is a time when faith-based finance professionals and leaders can come together.   It is so important to lean on trusted advisors and your collective network. ...
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Church employees are an extraordinary workforce because they commit their lives to do the ministry’s work. Anyone who has ever worked on a church staff understands the unique sacrifice employees make and the effort they commit to the job. Churches need to recognize this special group of committed people and put systems in place to acknowledge and thank them for their dedication. Why is it important to recognize employee tenure? Let’s be real. No one goes into ministry with a focus on earning boatloads of money. People work for churches because of a call on their life and a passion for its mission. Church employees do a lot and often expect little. ...
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Sage Intacct released the Interactive Visual Explorer in their last quarterly release last year as a limited release. The Interactive Visual Explorer (IVE) allows you to explore your financial data using a multi-angle, multi-dimensional graphical tool. With data visualization tools, you clearly understand insights at-a-glance. You don’t need special skills or IT to explore your data. And, you turn insights into action with visual storytelling and narration. So, you can transform your business strategy and make strategic, data-driven decisions. Joseph Plagge, Solution Architect at AcctTwo, walked us through the Sage Intacct Interactive Visual Explorer at the ...
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On April 2, 2021, the IRS provided guidance on the Employee Retention Credit (ERC) as it applies to qualified wages paid in the first two quarters of 2021.   The ERC is a credit provided under section 2301 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and then amended by the Taxpayer Certainty and Disaster Relief Act of 2020.   Notice 2021-23  provides additional guidance on claiming the ERC for qualified wages paid after December 31, 2020 and before July 1, 2021.   Notably, the guidance: Clarifies the effect of  Notice 2021-20  (which addressed issues related to the credit in 2020) on the current Notice 2021-23   Provides ...
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The right nonprofit financial management system can enable the access to statistical financial and operational data so you can automatically calculate key metrics such as financial (revenue), statistical (membership), or a combination (donations per attendee). And it can offer the visibility, automation, access, and adaptability you need to grow your organization or ministry and succeed. Whether you benefit from fast and easy reporting or automating processes that yield greater efficiencies, you will be a better steward of your funds when you start   measuring what matters in nonprofits . The Right Financial Software System Makes it Simple As you consider ...
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As the competition for donor dollars continues to become steeper, many nonprofit organizations look toward increasing their donor retention year after year. This is where recurring giving comes into play. Recurring donors — also known as monthly donors or sustainers — are donors who give on an ongoing basis, which could be as frequent as monthly, quarterly or annually. As nonprofits recover a from challenging year, a prioritization into recurring giving programs could boost fundraising dollars significantly. While one-time donations are typically higher than a recurring donation, recurring donors have   a higher lifetime value   than one-time donors. Plus, ...
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Please join us for an intimate discussion with Allison Webb, Head of Nonprofit at AcctTwo, and several members of the Faith-Based AcctTwo team after Day 1 at the Faith-Based Finance Collaborative During the Fireside Chat, we will breakout into small groups and discuss: Overcoming Challenges in Your Ministry in Times of Crisis Resource Management Post-COVID What's Keeping You Up at Night? Don't miss your opportunity to talk to members of your faith-based community. Join Here.
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Those of us who understand ministry know that the gospel is free, yet the process of delivering the message requires resources. God blesses churches with many resources – people, time, and money – and He expects us to be good stewards with what He provides. Members tithe on their income to support the ministry’s operation, making it even more important to be good stewards and   manage financial resources responsibly . Responsible Church Stewardship So what is the definition of stewardship?   Stewardship is   “the responsible overseeing and protection of something considered worth caring for and preserving.”     In the   church, stewardship ...
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The House of Representatives voted 220–211 Wednesday to approve the Senate version of a $1.9 trillion coronavirus relief bill, which President Joe Biden is expected to sign into law. A   previous version of the bill   was approved by the House on Feb. 27, but changes contained in the legislation   approved by the Senate   created a need for the House to vote again to align the bill before it was sent for Biden’s signature. The amendments included changes to some of the tax provisions in the original bill, including stricter limits on who would receive economic impact rebates, which remained at $1,400 for many individual taxpayers. For more on the tax ...
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