2007 not-for-profit Salary Survey - Topic for April 22, 2008

Join us at our next meeting, Tuesday April 22, 2008, when we will hear all about how well we in the nfp accounting sector are being compensated! Greg Works of United Way will discuss results of the 2007 nfp Salary Survey that he developed and conducted. You can view the survey here.

Greg not only will discuss the 2007 Salary Survey, but also will compare it with the results from the last Salary Survey conducted in 2004. He'll also compare not-for-profit salaries with those in the commercial sector, and give a preview of forthcoming reports on nfp executive compensation and nfp fringe benefits.

Accounting Software: Trends, Truths & Troubleshooting

On March 25, Kathy Brand, Jim, Snider, and Jonette Mathews of RubinBrown provided the nfpFMA members with much information related to accounting software. Here are some accounting software industry trends they addressed: Web-based software, Improved financial reporting capabilities, HR module additions, and Industry consolidation.

They also discussed useful ways to compare software programs. These included drawing up a needs analysis, evaluating the needs, deciding if a fund accounting software program is necessary, and then searching for and evaluating software programs. Some evaluation criteria are Features & Functionality, Price vs. Overall Cost, Installation, Software Set-up, and the Stability of the software firm offering the software.

Kathy, Jim and Jonette then discussed troubleshooting the software conversion process. Jim recommended we evaluate the chart of accounts and how each segment influences financial reporting capability. He also recommended cleaning up data and getting accounts in balance prior to import, and then checking that all the data did indeed import properly. Finally, the RubinBrown team suggested drawing up a project plan to better manage the entire accounting software conversion process.

Accounting Software: Trends, Truths & Troubleshooting - Topic for March 25, 2008

Join us at our next meeting, Tuesday, March 25 when Jim Snider, Kathy Brand, and Jonette Rodriguez-Mathews of RubinBrown reveal future accounting software trends, offer tips for comparing software programs, and discuss pitfalls related to converting from one accounting software program to another.