Accounting Best Practices

One of the main priorities of nonprofits is to be responsible stewards of the funds entrusted to them. One important way to demonstrate this responsibility is through the successful execution of accounting best practices, which can ensure an organization provides accurate and timely information about how donations were used.

Sixteen percent of respondents indicated that they still do not used accrual-based accounting. The accrual basis of accounting is consistent with GAAP standards and, in most instances, more accurate than cash-basis accounting.

Just slightly more than 18% of respondents indicated that they do not have a formal process for reviewing grantor imposed requirements prior to accepting grant funds, and the same number reported that they have difficulty meeting the reporting requirements in grants. Failing to carefully review grant requirements prior to accepting funds is a potentially dangerous practice, yet it is one that is rather common in the nonprofit sector.

With the Health Insurance Portability and Accountability Act (HIPAA) and other privacy related initiatives today, guarding the privacy of donors is paramount. Over 13% of respondents indicated that they have not taken specific steps to safeguard the privacy of donors. Privacy is really the first step in accountability when dealing with donors. If donors cannot trust an organization with their personal information, how can they trust it with their funds to carry out a specific mission?


Nonprofits must be accountable to multiple stakeholders, including private and institutional donors; local, state, and federal agencies; volunteers; program recipients; and the public at large. Everyone who works for a nonprofit, whether as a paid staff member or a volunteer, has a role to play in ensuring the organization is answerable to its constituents. We are providing this information to organizations in the nonprofit community, hoping that the results help them benchmark their progress and ensure continued success for the future.

Privacy Policy | Safe Harbor Notice | Terms of Use | Acceptable Use Policy | Sitemap | © 2014 Blackbaud, Inc. All Rights Reserved

Consultation and Internet marketing support for the Blackbaud family
of websites by search engine optimization company SEO Advantage.

Over 20,000 nonprofit organizations, from schools and churches to hospitals and charities, have relied on Blackbaud nonprofit fundraising technologies to raise more funds, better manage constituents, and reach more donors. Blackbaud is the leading provider of nonprofit services and software including fund accounting, online fundraising, prospect research, donor management, nonprofit CRM, charity management, nonprofit CMS, education administration and complete non profit marketing solutions. Our sole focus and expertise is partnering with non profits to provide fundraising management tools and e-marketing services these organizations need to make a difference in their local communities and across the world.

Nonprofit Fundraising System

Online Fundraising
Online Donor Management
Raiser's Edge Fundraising Software
Nonprofit CRM
Altru Ticketing Software

Donor Analytics

Fundraising Models
Wealth Indicators
Prospect Research
Performance Benchmarking

Fund Accounting Software

Nonprofit Accounting System

School Management Software

School Website Management
Student Management
Student Billing Software
School Administration System
Small School Fundraising
Religious School Management

Nonprofit Online Marketing

Charitable Online Giving
Nonprofit Email Marketing
Nonprofit Web Hosting
Nonprofit Web Design
Event Fundraising
Advocacy Fundraising
Nonprofit Social Marketing

Nonprofit Ticketing Software

Online Ticket Sales System

Nonprofit Consulting

Nonprofit Direct Marketing

Small College Management

Student Information System

University Management

Nonprofit Credit Card Processing
Nonprofit Merchant Account
Online Nonprofit Merchant Account
Merchant Account Credit Card Processing
Online Credit Card Processing

eTapestry Online Fundraising Software

Nonprofit CRM
Donor Management
Donation Software
Internet Fundraising
Donation Tracking

Financial Edge
Nonprofit Financial Management
Nonprofit Accounting Software

School management
School administration
Online School Software
Student Information System
Online School Management

Museum Fundraising Software
Nonprofit Ticketing Software

The Raiser's Edge


Visit NPEngage for nonprofit social marketing ideas:

Event Fundraising | Prospect Research | Interactive Marketing | Nonprofit Research


Blackbaud, Inc.
The Fundraising Experts