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Reporting and ComplianceĬhelsea Krause, Managing Editor, Merchant Maverick Detailed and accurate accounting and time reporting reassures funders that your organization will be a responsible steward of contributed funds.

Accurate data allows staff and board leaders to make strategic decisions, such as which programs and services to expand, as well as which activities to reduce or stop.Įxternal to the organization, donors seek to ensure that contributions are both efficiently and effectively used.

Board members review accounting and time tracking reports to evaluate ongoing operations.

Staff members rely on time tracking to allocate costs accurately for the organization’s programs and services.

The importance of nonprofit time tracking is evident through all levels of an organization: To get an accurate representation of whether you’re spending your time on things that matter, you need a time tracking app. If you want to do your most valuable and important work you need to eliminate as many unimportant tasks as possible. Roxine Kee, Freelance B2B Content Writer, Creator Maker, Inc More importantly, a time tracking application that works well with an accounting system can serve as a key decision-making tool.

How much do we rely on the generosity of dedicated volunteers?Ī time tracking system can help provide answers.Does a direct service worker spend sufficient time with each client?.Is a leader’s time consumed with meetings?.Time tracking can help us understand how people in a non-profit organization spend their time. In other groups, people care for animals, advocate for the environment, or seek to improve communities. People create, perform, and educate in arts and cultural organizations. People provide medical care, counseling, and serve food in social service organizations. Most non-profit organizations rely on people to deliver services.

Why Nonprofit Organizations Need to Track Time A number of third-party apps are QuickBooks-compatible and export data seamlessly. Though you can track expenses, pay bills, create invoices and manage your store’s basic information - like bank accounts, employees and vendors - QuickBooks lacks time-tracking capabilities. Danielle Fernandez, Technical Editor, Bard na nGleann