The Nonprofit Podcast

Ep 124| 3 Financial Foundations for Success: Reporting, Accounting, Budgeting

July 25, 2024 Jena Lynch, Brittan Stockert & Cara Augspurger Season 5 Episode 124
Ep 124| 3 Financial Foundations for Success: Reporting, Accounting, Budgeting
The Nonprofit Podcast
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The Nonprofit Podcast
Ep 124| 3 Financial Foundations for Success: Reporting, Accounting, Budgeting
Jul 25, 2024 Season 5 Episode 124
Jena Lynch, Brittan Stockert & Cara Augspurger

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Struggling with nonprofit finances?

Brittan and Germeen Guillaume, CEO of Visionary Accounting Group, discuss how to achieve financial transparency and build donor trust. 

Germeen shares actionable steps to best practices in 3 foundational areas, with Pro-Tips to maximize impact:

  • Cloud Accounting: Migrate to streamline processes and improve financial management.
  • Monthly Close: Implement timely processes to stay on top of finances.
  • Financial Reviews: Conduct regular reviews with the board for accuracy and oversight.

And explores the benefits of:

  • Financial Transparency: Crucial for building donor trust and ensuring funds are used as intended.
  • Hiring Right: Invest in bookkeepers with nonprofit experience and the right expertise.
  • Training & Investment: Leaders should invest in the right people, training, and systems for growth.

Join us for practical advice to take your nonprofit’s financial management to the next level. 

Subscribe for more insights, and please leave a review and share this episode to help other nonprofits thrive!

Follow Germeen Guillaume:

What makes Donorbox the Best Nonprofit Fundraising Platform to Achieve Your Strategic Goals?

Easy to customize, available in multiple languages and currencies, and supported by leading payment processors (Stripe and PayPal), Donorbox’s nonprofit fundraising solution is used by 80,000+ global organizations and individuals. From animal rescue to schools, places of worship, and research groups, nonprofits use Donorbox to raise more funds, manage donors efficiently, and make a bigger impact. 

Take a tour right now and start fundraising in just 15 minutes: → https://donorbox.org/

The Nonprofit Podcast, and a wealth of nonprofit leadership tutorials,  expert advice, tips, and tactics, are available on the Donorbox YouTube channel, subscribe today and never miss an episode:

🖥️The Nonprofit Podcast 🎙️🎙️ - YouTube  

The Nonprofit Podcast is available every Thursday on all your favorite podcast platforms, so follow, rate, and download so you never miss an episode:

🎙️ Apple Podcasts: https://podcasts.apple.com/us/podcast/the-important-podcast/id1483848924 

🎙️ Spotify: https://open.spotify.com/show/2fj1bk0PHws7kn6CMwzhLQ 

🎙️ Buzzsprout: https://thenonprofitpodcast.buzzsprout.com



Support the show

Show Notes

Send us a text

Struggling with nonprofit finances?

Brittan and Germeen Guillaume, CEO of Visionary Accounting Group, discuss how to achieve financial transparency and build donor trust. 

Germeen shares actionable steps to best practices in 3 foundational areas, with Pro-Tips to maximize impact:

  • Cloud Accounting: Migrate to streamline processes and improve financial management.
  • Monthly Close: Implement timely processes to stay on top of finances.
  • Financial Reviews: Conduct regular reviews with the board for accuracy and oversight.

And explores the benefits of:

  • Financial Transparency: Crucial for building donor trust and ensuring funds are used as intended.
  • Hiring Right: Invest in bookkeepers with nonprofit experience and the right expertise.
  • Training & Investment: Leaders should invest in the right people, training, and systems for growth.

Join us for practical advice to take your nonprofit’s financial management to the next level. 

Subscribe for more insights, and please leave a review and share this episode to help other nonprofits thrive!

Follow Germeen Guillaume:

What makes Donorbox the Best Nonprofit Fundraising Platform to Achieve Your Strategic Goals?

Easy to customize, available in multiple languages and currencies, and supported by leading payment processors (Stripe and PayPal), Donorbox’s nonprofit fundraising solution is used by 80,000+ global organizations and individuals. From animal rescue to schools, places of worship, and research groups, nonprofits use Donorbox to raise more funds, manage donors efficiently, and make a bigger impact. 

Take a tour right now and start fundraising in just 15 minutes: → https://donorbox.org/

The Nonprofit Podcast, and a wealth of nonprofit leadership tutorials,  expert advice, tips, and tactics, are available on the Donorbox YouTube channel, subscribe today and never miss an episode:

🖥️The Nonprofit Podcast 🎙️🎙️ - YouTube  

The Nonprofit Podcast is available every Thursday on all your favorite podcast platforms, so follow, rate, and download so you never miss an episode:

🎙️ Apple Podcasts: https://podcasts.apple.com/us/podcast/the-important-podcast/id1483848924 

🎙️ Spotify: https://open.spotify.com/show/2fj1bk0PHws7kn6CMwzhLQ 

🎙️ Buzzsprout: https://thenonprofitpodcast.buzzsprout.com



Support the show