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FREE EBOOK: How to Overcome Top Nonprofit Financial Challenges

Learn the top challenges facing nonprofits in the US and how to overcome them through the use of technology, expert advice, and effective leadership.

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Running a nonprofit is already an uphill battle, and complications like fraud prevention, staff retention, and fundraising make it even harder. But there are ways to logically and effectively combat each of these issues -and more.

Shocker: No one enters the world of nonprofits to make big money. In fact, the average salary for an executive director position at a nonprofit is around $61k, which is barely above the average income for US workers ($59,039). But thankfully, working at a nonprofit is more than a salary—it can be rewarding beyond compare and a real way to effect change. They say money isn’t everything, right?!

With that said, the truth is that working at a nonprofit organization likely means you’re constantly focused on monetary issues and how to make every single dollar go as far as possible (in addition to fulfilling your mission). From daily operations like purchasing supplies and managing donations to bigger endeavors like handling employee payroll and running annual fundraisers—your organization’s ability to cut costs and quite literally find money makes the difference between mission failure or success.

Botkeeper most certainly stood out in their ability to leverage technology as well as human capital, at a very attractive price point, to accomplish a number of accounting processes. The botkeeper feature that was most appealing was the combination of cutting-edge technology coupled with the human element. This aspect on top of the technology that botkeeper has built is a winning combination. Things get done so efficiently now—we've drastically cut down the risk of human error.
Jon Medeiros
Head of Finance, Ovia Health
Botkeeper has been a huge asset to the business so far. It is not only incredibly accurate, but allows peace of mind with the financials. Botkeeper is now viewed as a team member in the business and is there to learn and grow with us as we continue to scale the business. The setup was easy and practically risk-free. After switching to botkeeper, we have lowered the cost of our annual CPA dues over 80%. It’s a no-brainer; switching to botkeeper has saved us money on all aspects of the business. For the first time ever, I logged onto Quickbooks expecting I would need to reconcile the books, but was pleased to see that every account was up-to-date and balanced! I haven’t had the books balanced since day 1! Man, I’m loving botkeeper more and more every day.
Hanson Grant
CEO, ThinkBoard
We definitely saved money, but we also saved our COO a ton of time. Now I know we're not going to miss a payment on anything, and I feel confident that there won’t be any hiccups.
Steve Hooper
CEO, Kigo Kitchen