Within a non-profit organisation, finance and development teams bring unique but contrasting perspectives to a business’ finance.
Fundraising professionals will solely focus on successfully raising capital, where as finance teams aim to narrow in on compliance rules to account for this. These differences can lead to mismatched reporting, therefore eroding stakeholder confidence and damaging an organisation's long term goals.
So what is the solution? A combination of education, operations and collaborative reporting.
This whitepaper will provide you with an insight into:
Common differences between accounting and fundraising
The distinct principles and strategies of fundraising and accounting
How business processes can be designed for collaborative working
The role technology plays in supporting this