Category

Nonprofit

Oct 29
0

Fraud – Don’t Let It Happen To You

By | Nonprofit | No Comments

Fraud conceptIt’s always sad to read about fraud within the nonprofit sector we all love so much.

The most recent story in The Washington Post reports on how fraud is a problem affecting all types and sizes of nonprofits (which you can read here):  Inside the hidden world of thefts, scams and phantom purchases at the nation’s nonprofits

The report  highlights the potential for fraud and financial shenanigans, and how even large trusted institutions with significant infrastructure can be vulnerable.

It’s a great reminder how important formalized internal controls, board oversight to real financials, and financial software selection, set up, controls and audit trails are. These are the key bulwarks to spare nonprofits from this type of financial trauma and embarrassing publicity.

At Welter Consulting we help clients ensure proper security and controls every day. The report makes for sober reading, but there are guidelines and controls that can significantly improve security and drive accountability.

Take steps now to protect the reputation of your organization and ensure that your funds are safely directed to your mission and not falling prey to bad players.

Oct 12
0

Tribal Organizations Turn to Welter Consulting

By | Abila, Native American Tribes, Nonprofit | No Comments

iStock_000025770792LargeNative American Tribal organizations have complex financial accounting needs.  Understanding those needs, Welter Consulting knows that Native American Tribal Councils, Education, and Healthcare organizations require solutions that address the financial tracking and reporting necessary for these tribal entities.

Abila software (formerly Sage Fund Accounting, MIP) has been used by Native American Tribal organizations for almost three decades. “The software has a great reputation among Native American Tribal organizations for good reasons,” said Vicki Welter, founder of Welter Consulting LLC.  “Abila’s Chart of Account structure makes it easy for Finance Directors to track multiple organizations within the tribe, address multiple fiscal years and cross fiscal year reporting, and provide the Council and other stakeholders comprehensive financial statements and reports.”

Abila Fund Accounting is used by over 8,000 nonprofit and government organizations.  Abila Fund Accounting has won multiple Campbell Awards for its feature set and customer satisfaction.

Welter Consulting helps Native American Tribal Organization purchase, implement and get the most from Abila Fund Accounting. Clients have their choice of custom onsite training, classroom training, or online web-based training to ensure staff members gain proficiency on the software.

Welter Consulting is headquartered in Lynnwood, Washington and serves Native American tribes as well as nonprofit organizations throughout the United States.