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The Nonprofit Finance Team Survival Guide

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13 13 Surviving with Rear-View Mirror Reporting and Manual Compliance The wrong financial reporting system can require too much manual data entry and even force you to transfer data into Excel for further manipulation. When your finance team is in survival mode, you just try to produce the basic reports your organization needs today, this week, or this month. Everything happens in a crunch. With the wrong financial systems, information must be entered manually into different systems. Many accounting systems are only capable of rear-view mirror reporting—backward looking month-end financial packets that don't provide any real-time insights. Today, nonprofits need access to more and better information than yesterday's news. How can your team access the data required to gather insights, do strategic analysis, and make recommendations that support your mission? Ascending to Excellence Source: GWSCPA, Nonprofit Accounting Basics, Microsoft Excel Table Tips for Managing Lists, June 24, 2013 Financial Management with Excel

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