The Consultance Knowledge Center is a section that provides informational content designed to help business owners, CEOs and not-for-profit executives better manage their accounting and bookkeeping resources and functions.

We welcome your feedback on this information and are ready to answer your questions on these and other topics. Simply email Consultance or call (301) 654-1564.

In the not-so-distant past, board members at many not-for-profit organizations were panicking that the economic downturn would severely damage their organizations and perhaps even result in their ultimate downfall. But those concerns have generally faded as the economy gradually recovered and donations flourished. Three Reasons for Reserves Although operating reserve needs vary from one not-for-profit
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Emails have become a sweet spot for many not-for-profits that falls between old-fashioned direct mail and today’s ever-so-popular text messages. Email campaigns are relatively easy to organize and execute. And, because most of your target audience may feel comfortable with emailing, it’s a convenient way to drive up donations and receive insightful feedback. So what’s
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Like many business executives, you may have expertise in marketing, production and sales. Yet the short and long-term profitability of your company relies on strategic planning that looks at marketing, production and sales from several different angles. Successful companies rely on outside business expertise to help with these issues and more. You want to work
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Does your company need a chief financial officer but can’t afford to hire one full time? Or does it simply need someone to help position your business for sale, see it through a special project or temporarily replace an executive who has fallen ill or left the organization? Engaging a part-time or interim CFO may
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The year will be wrapping up soon and your organization needs to submit the information we require to complete your documents. With that in mind, we’re providing you with a list of important information. Some or all of the following items may apply to your organization. Organizational Level Changes Organization address. Make sure your address
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