This is the second topic in Intacct's blog series on Best Practice Trends for Nonprofits. Sustainable funding is critical to your organization as you scale and plan for the future. It’s easy to get used to traditional types of funding – and become dependent on them. Most nonprofits are heavily – or even fully – dependent on philanthropy. Philanthropy alone is no longer sustainable for most growing nonprofit organizations. Developing a sustainable funding strategy should be a priority as you budget, plan, and prepare for the future.

Believe it or not, your company is about to be part of an enormous wave of change in the next few years.

That’s because, if you’re like most small and medium sized businesses, you’re likely using an on-premise accounting application. And most likely that on-premise solution is QuickBooks.  QuickBooks is by far the most popular accounting application for SMBs and deservedly so – it’s full featured, easy to use and well supported by Intuit.

Are you outgrowing your existing financial system? It probably worked well when you had a single location, but if you now running a multi-entity business, your business structure becomes more complex.  As you grow, your transaction volumes and data increases, and keeping separate data files for different entities becomes more labor intensive. Your time is valuable, and you need a scalable solution that controls risks.