Join the Cherry Bekaert Energy Tax Credits & Incentives Advisory team as we provide details on tax credits and incentives that are rewarding to not-for-profit organizations. In 2023, the Inflation Reduction Act (IRA) allowed tax exempt and governmental entities to take monetize clean energy tax credits and incentives, even if your organization does not pay federal taxes. These tax credits and incentives aid to encourage growth and development of clean and efficient energy and practices.

Our knowledgeable team shares insights into the various available federal tax credits and incentives and how they can be monetized in the form of a payment from the U.S. Treasury. 

The new current expected credit loss, or CECL, standard affects how not-for-profit organizations evaluate financial assets such as loans, trade receivables, and investments. 

We discuss the new standard and how it applies to not-for-profit organizations, including considerations of methodologies for calculating the allowance, scope for not-for-profit organizations, required disclosures in the footnotes to financial statements, and the timeline for implementation.  

Not-for-Profits face staffing challenges in their accounting and finance functions, leaving many organizations overstretched and unable to focus on their mission's most important tasks.

This webinar covers current staffing trends and how NFPs creatively address their staffing needs. 

This webinar provides an overview of FASB pronouncements that could affect not-for-profits in the near future.

We discuss current events in the not-for-profit accounting and reporting industry. 

NFP leadership practices are experiencing a transformative shift, focusing on diversity, collaboration, empathy, data-driven decision-making, and sustainability. These emerging trends underscore that diverse perspectives and experiences lead to better decision-making and outcomes and underscore a commitment to driving positive social change and community impact in the nonprofit sector.

We discuss how non-profit leaders can intentionally lead and drive impact in their organizations.

Not-for-Profits will understand the power behind cloud-based accounting solutions that streamline processes and automate close. Accounting technology has come a long way over the past decade, and NFP organizations need to invest in change.

Modern technology, such as Sage Intacct, can allow resources to be utilized in mission-critical activities while your accounting system can share your mission and impact at the click of a dashboard.

While the application and use of data analytics are invaluable in any industry, they are uniquely instrumental in the not-for-profit sector. Data analytics enables decision-makers to ground their decisions in data and information that directly reflects their organizations. This presentation outlines the varying types of analytics and how each plays a role in an organization’s growth journey. Presenters will also cover the importance of being data-driven – using data as the basis for decision-making.

This discussion explores the considerations that need to be considered to use data and analytics to drive the decision process, along with mechanisms and pathways to becoming data-driven.

Utilizing 3rd party tools within your Accounting Department can help improve data and increase efficiency for your staff. 3rd Party tools allow organizations like yours to execute best-in-class cloud-based solutions to automate processes within Expense Management, Accounts Receivable and Collections, and Budgeting Planning.

As modern ERP systems provide a great baseline, not all applications may be built with each client's needs in mind. Our team strongly believes that utilizing an accounting system that integrates with 3rd party solutions allows organizations to adapt and choose the best solution for you quickly. 

An Enterprises Resource Planning (ERP) system functions as the backbone of an organization’s business practices and integrates and automates many internal processes and information systems across an organization. ERP projects can be costly, complex, and risky, but they can also deliver significant value and competitive advantage to your organization. Selecting the right ERP solution and effectively implementing the technology will provide countless benefits.

Nevertheless, even for the most prepared organizations, selecting the right solution and designing the most effective implementation and execution strategy can be challenging. This webinar focuses on helping organizations in need of a new system understand the key steps involved in the selection and deployment of a new ERP system.