It’s never easy being a CFO.

Whether your organization operates for-profit, or looks to maximize impact, many of the challenges faced are the same. The returns of your organizations’ finances means managing all aspects, setting controls, and being accountable to Board Members and donors alike.

Budget restrictions make the job of financial operations and accountability even harder when staff members are already stretched thin. The basics of accounts payable and receivable for non-profits must take into account specific standard reporting like statements of activities, statements of financial positions, and statements of cash flow, and often must be organized in certain ways. Every source of funding has different demands, meaning your team has to be knowledgeable and your software robust enough to do customer reports, support multiple entities at times, and consolidate more easily.