Nonprofit organizations rely on their accountants to monitor their financial health. These professionals deliver the data analysis leaders need to make informed decisions around growth and programming. While this value remains unchanged, the accounting industry is undergoing a tremendous shift that could impact the way nonprofits manage and report on their financial transactions.
By understanding these industry shifts, nonprofits can adapt their hiring, management, and outsourcing decisions to an accounting approach that meets their specific organizational needs.
In this guide, we will explain:
- The accounting industry challenges impacting nonprofits including accountant shortages, new and revised pronouncements, and heightened reporting expectations (Chapter 1).
- How new technology solutions are boosting efficiency, strengthening financial reporting, and impacting today’s accounting workforce (Chapter 2).
- Emerging risks and the strategies nonprofits can adopt to remain proactively ahead of these threats to their financial systems and data (Chapter 3).
- The two essential strategies nonprofits need to weather economic challenges that could threaten to hamper access to funding (Chapter 4).
- How nonprofits are adapting hiring and management practices to attract skilled accountants and help employees adapt to meet evolving needs (Chapter 5).
