A common thread among high-performing nonprofit organizations is having a culture of embracing transparency. You can feel it from the moment you walk in the room. It will be fully on display through comportment at board meetings, how the organization generally conducts business, how staff and management carry themselves and, most importantly, how it is […]
Consider each of these three factors and the important role they play when creating a culture of projections. Factor 1: Create Effective Budget Systems that Support Program and Project Managers In continuing to explore creating a culture of projections, you must first remember that the most effective budget systems are designed to support the program […]
When it comes to projections and forecasts, accountants too often fall into the trap of formula heaven. We passionately believe that data-mining is the key. That somewhere buried in the numbers a magic trend will surface if we can just find the perfect formula, graphically present historical data or create the perfect program to sort […]
