Wednesday 29 March 2017

Data Developments Software for Bookkeeping – Know the Details

The problem that most nonprofit organizations and churches face these days is finding someone who can efficiently manage their records and details. There are, however volunteers who readily take charge of doing things and managing the records for you, but another problem with this is that most volunteers are not accountants and worry about the technical skills required to fulfill this type of role.

Another important thing – with a flood of new regulations affecting the churches and charities and with the always decreasing number of professionally trained volunteers bookkeeping has become a tough job to manage. 

But, Data Developments has an easy solution for you that allows for efficient and effective bookkeeping and management. 

Here’s what’s included in the solution for bookkeeping – 
  • Data entry including standing orders, transactions and transfers.
  • Producing financial reports
  • Completing the Bank Reconciliation
  • A Finance Co-ordinator licence [normal cost £159]
  • All Finance Co-ordinator updates and upgrades [normal cost £50]
  • Technical Support [normal cost £75]

Data Developments would arrange an on-site visit to meet you and confirm starting balances, nominal codes, funds, fixed assets, standing orders, and which standard Finance Co-ordinator reports are required. Apart from this, they will provide training on the program so that figures can be examined and reports produced independently if required.

Understanding the Working

The treasurer will continue to open envelopes, count collections, deposit money into the bank, pay bills etc, they then send details of these transactions to Data Developments, which would then be used to: 

  • Enter all of the transactions and transfers
  • Process standing orders
  • Produce financial reports
  • Complete the bank reconciliation

Apart from this, the bookkeeping service by Data Developments includes a copy of Finance Co-ordinator, together with technical support, which can be installed onto the computer. The user will then be able to restore the information from the back up file sent by Data Developments to you, so you can see the information that has been entered – this will help you examine the figures and produce your own analysis and reports when required.

Data Developments solution for bookkeeping is an advantage for most churches and charities because managing the records becomes easier, better and faster. 

Ned more details? Visit the website: Datadevelopments

A Guide To Knowing Your Donors – All The Things Marked Important

The thing that you nonprofit organization needs the most is a donor because he will be responsible for raising the necessary funds for the organization. However, before you go ahead with your relationship with the donors it is essential to conduct the background check of the donor in order to make it a long term deal. 

Based on the analysis details of the relationships in the organizations and the donors it can be said that majority of lapse happen because of lack of information, which further rules down the need of gaining valuable information beforehand. Working in accordance with a guide means that you will be able to create a long-term relationship with your donor only after gaining all the necessary information about him. 

Follow this mandatory guide to know your donors – these are the things marked important – 
  1. Identify the potential donors – The first most important thing that you are required to begin with is identifying the potential customers, or whet’s better called potential donors. Identification of a potential donor means determining whether or not the person is interested in a certain cause or not. This also means understanding the cause that a person would preferably like to donate for; this enables you to grasp some useful information about the donor which you will need in the longer run. 
  2. Message the donor base effectively – One most important and also the most ignored thing about knowing donors is an understanding of the donor base. Know your customer base and message them effectively answering all their queries whenever needed. Rather than focusing on one donor at a time it is best if you can target them all together, carefully detailing the entire donor base at the same time. 
  3. Communication – meet your donor personally – If it is convenient for the donor and you then it is best to schedule a meeting together. Even if the meeting lasts as little as ten minutes, it will help you decide certain things about your donor, as well as his interests. Remember communication is the key to all great things and there a lot of things that can happen over a healthy conversation - it is therefore recommended that you meet your donors personally. 

Based on the above mentioned guide you can be certain of knowing your donors and will therefore be able to build great relationships with them. 

Want more details about donor management? Visit the website: Datadevelopments