In this Nonprofit Show Power Week episode, responses to important questions about nonprofit finance and accounting, are answered by Deanna Peterson, Director at YPTC, and host Julia Patrick. This conversation kicks off with Julia and Deanna exploring several significant questions that reflect common concerns among nonprofit leaders today. One of the first questions addressed is the consideration of shifting to a contracted CFO role as a current CFO plans retirement. Deanna outlines how the decision largely hinges on the specific needs of the organization, suggesting that the size and lifecycle stage of the nonprofit play critical roles in determining whether a full-time or fractional CFO is necessary.
Another topic the two chat about revolves around the security implications of remote bookkeeping. In an era where digital transactions are becoming the norm, concerns about fraud and data security are prevalent. Deanna discusses the advanced financial technologies YPTC employs to ensure robust security measures are in place, and how they not only safeguard financial data but also streamline processes, making operations more efficient and less prone to human error.
Throughout the fast-paced and fun conversation, Deanna adds to the conversation with practical advice and real-world examples, illustrating YPTC’s proactive and client-oriented approach. She touches on the broader impacts of financial decisions, from enhancing operational resilience to supporting strategic organizational growth through informed financial leadership.
Questions Nonprofits Asked Us! (Financial Leadership) from American Nonprofit Academy on Vimeo