What are some of the unique fiscal challenges that nonprofits face and how can nonprofit fund accounting software help with their organizational and management requirements?
Overcoming Challenges Fund Accounting Software Solves
Fillmore-Leroy Area Residents, Inc. (FLARE, Inc) is a full serviced community development agency that has been assisting residents of Buffalo and the Masten District since 1974. We spoke with Executive Director, Wendy H. Anderson, about some of the unique organizational and management challenges she faces and how FastFund Online has helped.
The following interview takes you through the problems that FLARE has overcome using FastFund Accounting Software for their nonprofit organization.
Question: Can you tell us more about the Fillmore Leroy area and the housing and community services that FLARE provides to the residents there?
Question: How long have you been Executive Director and what drew you to this organization?
Question: How many employees and volunteers work at FLARE? How many need access to your accounting information? What advice do you have for managing an organization during challenges such as staff turnover or with volunteers with varying levels of experience?
Question: FLARE is funded by a variety of sources including individual and corporate donors, foundation awards and federal, state & city agencies. What are the challenges involved with these different sources and how has FastFund Online helped your organization?
Question: Can you describe the process of switching from your old accounting solution to FastFund Accounting? How did Araize help you and your staff with the transition?
Frankly, FLARE has switched to Fastfund Accounting before I came on board. However, I can speak to their availability and being accessible for questions and guidance. It has been exceptional and I like the fact that they have webinar training on various topics online that you can at your own pace.
Question: How frequently do you present information to your Board of Directors? How does FastFund Accounting help you to prepare and present the information that they require?
Question: As well as recording transactions and meeting true fund accounting requirements, how does the information FastFund Accounting provides help you to make strategic decisions for your organization?
If your nonprofit organization is struggling to meet the fiscal demands and responsibilities of financial reporting and audits, it’s time to consider using a dedicated software for fund accounting. Working with software designed specifically for nonprofits can help your nonprofit meet these challenges head on.
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