Online communities for nonprofit accounting
We agree - one of our Least Favorite Things, according to us, is learning nonprofit accounting by yourself.
Nonprofit accounting can be tedious. It's not a good idea to memorize a lot of rules about credit and debit. (It's okay; some accounting geeks love this stuff. We'll be understanding.
Your nonprofit organization. Consider a nonprofit organization. Your nonprofit organization is the one you run, volunteer for, or manage. Your organization's numbers are more than just an academic exercise.
Accounting is now more critical than ever. These numbers are a reflection of the success or failure of your organization's mission and activities.
But where do you start?
Do you find yourself sifting through tedious accounting texts to figure out which parts are relevant to your situation?
We believe there is a better way.
No-cost Online Accounting Community
We are pleased to offer two online communities that will allow you to grow your knowledge of nonprofit accounting and make new friends.
QuickBooks For Nonprofits is a Facebook group that Megan Genest Tarnow started to share best practices in using QuickBooks in a nonprofit environment.
Smart Nonprofit money - A new online private network created by Carol & Carrie, where accounting professionals and nonprofit leaders can learn about nonprofit financial management.
QuickBooks for Nonprofits is a community that has been in existence for nearly two years. It has more than 2200 members. Nonprofit accounting professionals and people who work in financial roles for nonprofit organizations are members. You can see the spirit of helplessness in the responses to many questions, many of which are specific.
Smart Nonprofit money (SNM) is a brand new topic, so we are just starting to talk. SNM uses Mighty Networks. It's a private network that uses a similar feed to FaceBook. SNM has Topics that can be used to focus conversations and Groups that can be used to explore specific areas of interest. Human resource consulting We will eventually offer fee-based courses covering topics close to our hearts, such as managing restricted gifts or grants.
The FaceBook group Thriving nonprofit with Joan Garry is another online community for leaders of nonprofit organizations. Although the group isn't explicitly focused on accounting or financial management, some conversations go in this direction.
As you create each community, they will grow.
Smart Nonprofit Money
Smart Nonprofit money (SNM) is similar to Facebook groups. You can connect with people who share your interests in this network. You can also send private messages to any member of the network, just like FaceBook.
Unlike Facebook, SNM, which runs on the Mighty Networks platform, is a private network. There will be no ads. You will not see ads. If you do receive notifications, you can control how many.
Mighty Networks offers an excellent phone app that allows you to stay connected with SNM and other Mighty Networks wherever you are.
SNM is a place to give and receive, learn, find encouragement, and cheer each other on in our successes.
For members who have previously signed up for the Free Member Resource Library, these resources can now be found under the Free Resources topic of the SNM network. To access these resources, you must be a member. You can still join for free, but you get all the benefits of being part of a real community.
We anticipate an SNM weekly calendar in the following lines.
Monday - A weekly recap post that summarizes the week's top bars, poll results, and other highlights.
Tuesday - Give us Your "Tue Cents" Day! - Participate in the conversation by answering a question or responding to a survey.
Wednesday - Give & Ask Day – What can you do for the community? What are you looking for from the community?
Thursday - Share what you have learned in the last week, or share something that you learned long ago that is still relevant today.
Friday - We host Finance Friday Zoom meetings on most Fridays. The meeting will be posted in the network as an "event." We will initially focus on getting to know you and help you get to know one another. We would love to learn more about your goals and how we can help you.
We may occasionally have surprises or other exciting activities.
We will learn more about you and organize your interests.
Could you not do it alone?
Maybe your resolutions for the New Year include getting a fresh look at your accounting. It might be time for financial management to get more professional if your company is growing. You might consider outsourcing your bookkeeping to cut costs and improve reporting. Perhaps you are looking to be "audit-ready" to pursue larger grants and be more accountable to your board members and donors Maryland income taxes.
No matter your motivations, you can resolve to learn nonprofit accounting in an enjoyable and supportive environment. We have so much wisdom and experience from our lives before computers. The new leaders are familiar with technology and have unique perspectives to share with the old-timers. When we apply accounting to our everyday lives, accounting comes to life.
Let's get together, share our brain trust, and make new friends to help us feel more confident about our financial management skills.
We can all learn together about financial management, nonprofit accounting, and how to use QuickBooks (and any other software) in a nonprofit environment. We can create lasting and beautiful change by working together to grow strong organizations.