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This month's newsletter features a great article on APIs as well as a break down of NFP Partners' newest staff changes.   
April 2016

INTERNAL CONTROLS MADE EASY FOR NONPROFIT CEOS


CEOs or executive directors are focused on meeting the mission of the nonprofit. Finance directors and CFOs often find it a challenge to get the attention of the organizational leader to ensure strong internal controls are in place. This stewardship of resources by the CEO often goes unfulfilled as other, more seemingly pressing duties take day-to-day precedence. I recently ran across an article on the Greater Washington Society of CPAs Educational Foundation website that gave a very simple list of ways to put the monitoring of internal controls in front of the CEO.

To go to the list please click here.

What Is an API and Why Should You Care?

API_defined3-02Taking off from last month’s article about Takeaways from AUDC  2016, I wanted to provide some information about API (Application Programing Interface) and why it should be important to you. API is the Internet technology that allows integrating applications regardless of where they physically reside, whether on a local server or in the cloud. You can google API and come up with a plethora of information and get buried in the weeds very quickly. Here is one example I thought was pretty understandable.

As discussed in the Takeaways article, one of the key expectations of software users is to integrate applications. For example, the accounting manager expects transaction data from donations or from an outside payroll system to flow seamlessly into the accounting system without manual intervention.  All major accounting software vendors, Abila included, have or are developing APIs for this purpose. Once the API is in place, other developers can write programs that directly and actively interact with the accounting application through the latter’s API, resulting in the two applications figuratively talking to each other.
 
To learn more about APIs please click here.

NFP Partners Staff Updates

“Each of us has the opportunity to change and grow until our very last breath. Happy creating.” --M.F. Ryan.
 
Many or you have worked with Jessica Taylor through NFP Partners or in the Colorado non-profit finance community. Recently Jessie decided to take on an opportunity for change and growth in both her career and with her family. While her tasks at NFP Partners are not yet complete, Jessie and her family have already relocated to California and will be transitioning out of client services by mid-summer. Jessie has been instrumental in the growth of outsourced accounting services provided by NFP Partners. She will be missed by the team, as well as by the clients she served. We wish her the best of luck as she is “happy creating” her future.

To learn about who will be replacing Jessie, as well as another addition, please continue here

In This Issue

Abila MIP Fund Accounting Given Award by TrustRadius  

2016_TopRatedBadge_AccountingBudgetingSoftwareAbila was recently named a Top-Rated Accounting and Budgeting solution for nonprofits by software users, based on more than 880 user reviews and ratings on the business software research platform known as TrustRadius. 

"Nonprofit accounting and finance professionals shopping for an accounting and budgeting solution look for peer insights and reviews from users like themselves," said Megan Headley, research director at TrustRadius. "Abila’s customers say the product is flexible and easy to learn, making it a great option for nonprofit organizations."

To learn more about the product and the award visit our website, or click here

 

MIP Virtual Forum

The April 22nd  Virtual Forum meeting included an introduction to the expense and credit card reporting applications provided by Nexonia. The team at Nexonia, Ryan, Warren and Andrew provided an informative demo on how their product can capture and streamline employee expense reporting and organization credit card purchase reporting. If anyone has interest in their product, please let us know and we will pass the information on to Nexonia.

The next Virtual Forum is scheduled for May 18th from 10 - 11 am.  Continuing on the theme of bringing greater automaton to core accounting processes we have asked Microix to demonstrate their MIP Fund Accounting add-on product, Purchase Requisition Workflow. Microix is an Abila development partner that provides a number of add-ons for MIP.

To learn more about the upcoming Virtual Forum click here. If you'd like to pre-register please click here.

 

Articles of Interest

We have discovered some different and new sources of useful information for nonprofit executives and managers which will hopefully make this section of the newsletter more interesting and better read.

IRS Form 990 is an Opportunity for Not-for-Profits to Shine

DeBoskey: Understanding reasons for giving key to strategic philanthropy

Unemployment Tax Exemption for 501(c)(3)s Explained

Nonprofit Standard Newsletter - Spring 2016

(More) Nonprofit Accounting Myths Busted



New Clients 

Colorado Foundation for Public Health & the Environment – Outsourced Accounting Services

HealthTeamWorks – Outsourced Accounting Services

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