Essential Financial Documents to Prepare for Nonprofit Grant Applications

Woman preparing financial documents for grant applications

Nonprofit organizations rely heavily on grant funding to support their missions and programs. To increase your chances of securing grants, it’s crucial to have your financial house in order. This blog post will cover the key financial documents that every nonprofit should have ready before applying for grant funding, as well as other grant application tips.

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Choosing a Strategic Outsourcing Partner for Bookkeeping and HR: A Guide to Long-Term Success

Selecting the right professional services firm is critical to ensuring that the partnership works seamlessly so your organization can reap all the benefits of outsourcing. The right partner could set you up for long-term success, but outsourcing to someone who doesn’t understand your business needs could set you back. In this blog, we are covering the key factors to consider when choosing a strategic outsourcing partner for your business.

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Signs It’s Time to Outsource HR and Bookkeeping & How It Improves Organizational Growth

Stressed out CEO woman rubs her hands to her temple as if she has a headache.

In today’s fast-paced business world, efficiency is key to growth. If you find your business struggling to keep up with routine operational tasks, it might be time to consider outsourcing. In the beginning, it’s common for smaller organizations to have multifaceted roles where executive and operational staff are handling multiple functions. When CEOs and top talent are bogged down by tasks outside their expertise, it’s not just frustrating—it can hinder your company’s potential. Here are some of the top signs that it’s time to start outsourcing functions like HR and bookkeeping, and how it could be the right move for your business or nonprofit organization.

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Beyond the Basics: Crafting a Comprehensive Benefits Package to Attract and Retain Top Talent

Man reaches out to shake a woman's hand over a desk that is covered in laptops and paperwork, as if to extend a job offer.

In today’s competitive job market, offering a strong benefits package is no longer a perk – it’s a necessity. While health insurance, dental, and vision are crucial, forward-thinking companies understand the power of venturing beyond the basics when it comes to building a robust benefits package. As an HR services firm with over twenty-three years of staff experience in operational and human resources leadership, The Consonance Group can help you understand the total impact of your benefits on your organization, and how to craft a quality benefits package. This article explores a range of employee benefits that extend far beyond traditional insurance, fostering a happier, healthier, and more productive workforce.

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Understanding Employee vs. Independent Contractor

When deciding to have someone work for you, it’s crucial for businesses to correctly classify them as either an employee or an independent contractor. Misclassification can lead to significant legal and financial consequences, including denying workers minimum wage, overtime pay, and other legal protections. With the recent rise in the number of independent contractors, understanding the distinctions and compliance considerations is more important than ever.

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Program Accounting Made Simple: Tracking Funds for Maximum Transparency

bookkeeping reports displayed on a laptop screen and being discussed by two people over coffee in a board room

Nonprofits operate on a foundation of trust. Your donors, grant agencies, and the community you serve put faith in your ability to use funds ethically and effectively. Program accounting is the key to showing that your organization is a good steward of resources.

But I get it – tracking income and expenses by individual programs can feel overwhelming! I’m here to break it down and show you it’s not as scary as it seems.

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Beyond HR’s Reach: What HR is NOT

Starting out in human resources at a small but growing company, I quickly realized that there were misconceptions about the HR function. While HR is indeed a vital department in any organization, there are misunderstandings about its role and responsibilities that need addressing. Let’s cover what HR is, and what HR is NOT. HR Guides…

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