It’s no secret that nonprofits are under constant pressure to do more with less. In the era of big data, this pressure is only going to intensify. That’s why it’s more important than ever for nonprofits to have a strong financial management system in place. A good system will not only help you keep track of your revenue and expenses, but also help you meet compliance requirements.
Tracking donor restrictions and understanding the implications of those restrictions on revenue recognition are common challenges for nonprofits — especially if they try to manage these important metrics with spreadsheets. Luckily, there are solutions, like Sage Intacct’s Nonprofit Revenue Recognition and Restriction Tracking, that can make the process much easier.
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