Category

Accounting

Cross-Training: It’s Vital to Your Nonprofit’s Success

By | Accounting, Audit, HR, Nonprofit | No Comments

Most nonprofit organizations take great care to safeguard vital databases. An emergency plan guides your team through major emergencies. But what would happen today if one of your team had a sudden emergency and had to take a month off from work? Accidents, sickness, and death are a part of life. No matter how you plan for a contingency, it can be difficult to fill someone’s role if others aren’t fully aware of what they do.

That’s where a cross-training plan comes into the picture. For-profit organizations have long insisted upon cross-training employees. This means that every employee has another employee fully briefed and trained in their job duties and responsibilities. There are many reasons why cross-training is important, and many benefits to both your employees and your nonprofit organization.

Benefits of Cross-Training

There are many reasons why cross-training is important to your organization.

  • Long-term absences: Health emergencies, pregnancy and parental leave, family emergencies, and other unforeseen circumstances may necessitate a key employee’s absence for weeks or months at a time. During this time, you’ll need coverage for their position. While you could certainly hire a temp, this is an expensive and ineffective solution. A temp still needs to be trained on the person’s tasks and responsibilities. Cross-training ensures that someone on the team knows exactly what needs to get done and when. Even if you do decide to hire a temp to cover the position long-term, a cross-trained staff member can in turn train the temp and the work can move forward without delay.
  • Busy periods: Certain months may be busier than others, and during those months, it’s helpful to have someone cross-trained to step in and assist. Membership dues may all be due in December or January, for example, and it’s helpful for the accounting department to have someone trained to enter the information and update the membership directory. Other departments may also experience similar cycles of ebb and flow to their work and can trade off staff as needed.
  • Continuity: Donors, members, and others trust an organization which demonstrates consistency and continuity. With cross-training, the work continues unabated. The organization demonstrates a commitment to service and support for their members, which goes a long way towards building trust.

Benefits to Employees

Employees benefit from cross-training too. Learning new skills adds interest to their day as well as valuable knowledge they can use to further their careers. Training for a supervisor’s position helps employees acquire the skills needed to step up in the organization. Lateral skills training, or training in skills related to an employee’s current position in the organization, can still broaden and expand the skills someone uses in their daily job.

When Cross-Training Isn’t Appropriate

There are some occasions when cross-training isn’t appropriate. Sensitive data and information, such as human resources materials, should be kept within the HR department, so cross-train only HR personnel for positions within the department.

Some employees aren’t interested in cross-training opportunities. Try not to force people to be trained for another job if they’re not interested in it. Those who succeed in cross-training activities are people who are highly motivated to learn, grow, and expand their horizons. These are people who want to remain with your organization and grow their careers in the nonprofit sector.

Cross-training has been used for many years in the for-profit sector to ensure continuity of work and productivity. Borrowing this idea from the for-profit arena and applying it to the nonprofit world makes good business sense.

Welter Consulting bridges people and technology together for effective solutions for nonprofit organizations. We offer software and services that can help you improve and grow your accounting practice. Please contact Welter Consulting at 206-605-3113 for more information.

Millennials: Ready, Willing, and Able to Serve on Your Board

By | Accounting, Fundraising | No Comments

Here’s How to Recruit this Dynamic Generation to Service

Experts predict that within 10 years, Millennials (those born between 1982 and 2002) will comprise 74% of the workforce. These young people are the first generation to grow up with computers, a world connected by the internet, and all the changes that have rocked both the for profit and nonprofit worlds. Smart, independent, and service-minded, they are also ready and able to serve on the Board – if you know where you look. Here’s how you can find and recruit top Millennial talent to your Board.

The Five Traits of Millennials

In order to know where to look for Millennials, you have to understand what makes them tick, or what motivates and inspires them. There are five notable attributes of the Millennial generation:

1. Multitaskers: Millennials are quite capable of juggling multiple responsibilities at once. Don’t assume that your Millennial volunteers can’t handle a full-time job and more volunteer work. They’re experts at multitasking and proud of their abilities in this area.

2. Connected: Millennials love social media and its ability to help them remain connected to family, friends, and interests. They’re heavy social media users and that makes them great at gathering tribes for a cause. That also means you can find them hanging out on their favorite social media sites!

3. Team-oriented: Millennials love to work on teams and are great at collaborating. They engage easily with others on a team.

4. Work-life balance: Millennials know the importance of work-life balance. They grew up often with both parents working and a full schedule of activities. They’ll work hard, but they’ll also work hard at their volunteer work too.

5. Honesty and transparency: Millennials need to feel like you are being open and honest with them. They need to feel listened to and valued.

Recruiting Millennials to the Board

Recruiting Millennials to your Board starts with their volunteer work at your organization. Examining the five characteristics above, it becomes clear that Millennials are interested in volunteer work and will prioritize their work-life balance around things they’re passionate about. Millennials are volunteering for causes they promote and like to be part of a team working towards the common good.

Look around your nonprofit for Millennials who may be volunteers now. These are the people who your organization has helped or who know the organization well. Even though they seem busy, don’t be afraid to ask them about their interest in a Board position. Remember, Millennials are also multi-taskers.

Some ideas for recruiting Millennials to your board include:

* Find Board members from within your organization. They may be hiding in plain sight!

* Promote a Board “meet and greet” on social media where Millennials gather for information.

* Identify or create pathways for Millennials to grow throughout the ranks of volunteers so that they acquire a good combination of skills and experience to serve on the Board.

* Consider bringing a group of Millennials in together so that one single person doesn’t feel like an outsider.

Millennials are a hard-working and responsible generation. They may not work in exactly the same style as the previous Generation X or Baby Boomers did, but they bring an enormous amount of talent and experience into any organization. Learning to work with them is a skill that will serve your nonprofit in good stead. Learning how to recruit them to your Board will help your nonprofit grow and prosper.

Welter Consulting

Welter Consulting bridges people and technology together for effective solutions for nonprofit organizations. We offer software and services that can help you improve and streamline your accounting practice. Please contact Welter Consulting at 206-605-3113 for more information.

Improve Communications with the Right Accounting Software

By | Abila, Accounting, Fundraising, MIP Fund Accounting | No Comments

The right accounting software for your practice can help you improve communications among teams. Although it sometimes feels as if fundraising and accounting departments at nonprofit organizations are on opposite sides of the fence, software can be your bridge to connect them both so that they’re on equal footing. When both find they are getting what they need, relations between the two groups improve and productivity soars.

What Causes Miscommunications?

In every relationship, there’s a chance of miscommunications. But between finance and fundraising there tends to be many miscommunications. Some of this stems from not understand what each party does in the organization at large. There are some things that each group would like you to know about their work.

Fundraising wishes that finance could…

* Respect how challenging fundraising can be.

* Understand that to make money for the organization, you must spend money.

* Trust the process of donor relationships to come to fruition and provide funds for the organization

* Be more flexible with deadlines, requirements, and requests.

* Appreciate the effort that goes into fundraising.

And finance wishes that the fundraising team could…

* Respect that their job is complex and demanding, often dictated by legal requirements that have no flexibility.

* Seek their expertise and help in accounting and finance matters.

* Provide information proactively so that finance can do its job easily.

* Learn basic accounting practices so that we “speak the same language.”

* Respect and adhere to deadlines.

It’s easier to come to consensus when mutual respect underscores the relationship. Knowing what the other party needs, why they need it, and how your actions impact their work can go a long way towards creating mutual respect and clear communications.

Similar Challenges Face Fundraising and Finance

Although the fundraising and finance teams each perform different functions in an organization, they face similar challenges. Data helps both do their jobs better and provides a mutual starting point for much of their work.

With the right data, each team can work more effectively. Finance no longer has to chase down information from fundraising, and fundraising can access information without pestering finance. The two can also collaborate on many projects using shared data sources.

Yet both seem to experience similar challenges when it comes to data and information. Ways in which both departments can help each other overcome their shared challenges include:

* Collaborate on budgets and tracking.

* Improve reports and reconciliation of financial information.

* Jointly plan and set goals.

* Establish frequent, timely communications.

* Identify ideal processes and procedures.

* Integrate fundraising and accounting software.

Resolving the Challenges

The right software can help you resolve such challenges. Cloud-based systems make sharing data easier. Software such as MIP Fund Accounting and software for fundraising, grand management and other tasks provide a good starting point.

Fundraising and finance may often feel like competing teams, but they should be both rooting for the home team, or working towards their company’s overall goals. By understanding one another’s work, sharing data, and experiencing the benefits of shared data and systems, the two teams can work more effectively and help your nonprofit achieve its mission.

Welter Consulting

Welter Consulting bridges people and technology together for effective solutions for nonprofit organizations. We offer software and services that can help you improve and grow your accounting practice. Please contact Welter Consulting at 206-605-3113 for more information.

Apps that Make Accounting Easier

By | Accounting, Data | No Comments

While you’ve probably downloaded plenty of apps for your personal smartphone, there’s a wealth of apps for accountants and accounting support staff that can make everyone more productive. These include apps for communications, file sharing, and note taking that enhance all areas of your practice.

Charlie: Prepare for Client Meetings

Preparation before an important client meeting helps you learn more about who you’ll meet with and how you can build rapport. Knowing that your client likes golf, you can schedule a golf outing, or at least have some news from the world of sports as an icebreaker for the meeting.

Charlie, a free app, does this homework for you. Charlie scours the web to find out more about people you’re meeting with and prepare a report with publicly available information. It can tell you which mutual friends you have in common and items of interest that make it easier to begin conversations with new clients. Charlie is currently available for iOS only.

Skype Your Next Meeting

Perhaps you’re traveling and need to meet with your team to brief them on the results of an important client meeting. Or your assistant needs to work with a freelancer on the design of a new brochure for your accounting office. Skype is the app of choice for many people. It features video, audio, and text-only messages, allowing you to choose the level of contact you wish for your meeting. Calling within the Skype network (a “Skype to Skype call”) is free no matter where the two parties reside; there are charges for calling from Skype to a landline. The charges vary according to location. Skype can be used on any smartphone, tablet or computer. It is free to download and use.

Sweeten Your Cloud Storage with SugarSync

SugarSync brings cloud computing to a new level. This app backs up all of your files so that you can access them remotely. Unlike DropBox and other file-storage or cloud-based sharing sites, you don’t have to upload the files; SugarSync does it for you. And it keeps them in the same configuration you had them on your main device. SugarSync is available for Android and Apple devices.

Noteworthy: Notability

If you or other members of your team take a lot of notes during meetings, Notability may be an appealing tool. This app lets you scribble notes on your smartphone as if you were using a pen, and you can also type notes into Notability. Use it to take notes during meetings, calls, or simply while working on accounts. It’s a great tool for everyone in your accounting office.

Notability may be downloaded for Apple devices from Ginger Labs.

Explore Other Apps

Don’t forget to explore other apps for your accounting practice. If you’re on social media such as Facebook, Twitter or LinkedIn, there are convenient apps you can download to your smartphone that enable you to check and respond to messages, post images and content, and update your account. Many clients use social media to communicate with their accountants and it is helpful to be able to respond quickly via this channel if someone communicates with you.

Calculator apps are plentiful, but these newer apps can help accountants be ever more productive than ever before. Notetaking, cloud storage, communications and meeting preparation apps can help you become more efficient and benefit your accounting practice.

Welter Consulting bridges people and technology together for effective solutions for nonprofit organizations. Check out our complete listing of free webinars on nonprofit technology. We offer software and services that can help you improve and grow your accounting practice. Please contact Welter Consulting at 206-605-3113 for more information.