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A Solution to Your Revolving Door

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One of the biggest challenges nonprofit organizations face today is the ability to recruit and maintain high-quality staff. In 2017, Nonprofit HR reports that 81% of organizations lack a formal retention strategy. With a growing mission-driven market, talent has far more options, making quality employees hard to find and even harder to keep. Outsourcing is a great solution to this problem. The benefits of outscouring talent are many. 
Cutting out office costs, you can acquire high-quality expertise without the anxiety of retaining employees. 

At KSMB Associates, we provide outsourced CFO and accounting services to numerous nonprofit organizations in the Chicago area. For more information on our services, visit us at ksmbassociates.com. Let us be your trusted advisor.

Outsource Your Bookkeeping! - Article by Blue Avocado Magazine

"The most strategic decision you make regarding how to staff your accounting department may be to not staff it at all. Well, at least not with employees of your organization. Outsourced accounting isn't new, but it is getting a second look as nonprofits search for ways to cut office costs." Read more

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Building a Better, Smarter Budget

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A well-planned budget can be the difference between long-term financial sustainability or dissolution due to insufficient funding. Not only is it important to have a detailed budget to forecast revenue and spending but it also reveals a larger picture of how your nonprofit operates. This insight will help your financials stay closely connected to your mission. 

Why Budgeting is Important for your Nonprofit &
How to Do it Properly - Article by Bloomerang

"Understanding what a budget is and its importance is crucial for every organization because it can be a way to achieve financial sustainability. But what is a budget exactly? Some people see it as a forecast, meaning a prediction in the future. Others see it as a target or even a wish list. However, it is nothing similar. A budget is just a financial document that provides an overview of how an organization is planning to spend their money. It must be centered around the primary goals and objectives of the organization." Read more

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