Now that you are familiar with the seven core features, let’s complete a 3-step practical exercise to prepare your organization’s structure:
- Map Your Company Data: Write down your organization’s core administrative details, ensuring you have your Federal Tax ID, State Tax ID, and exact Fiscal Start Month ready for system entry.
- Draft Your Account Structure: Outline the minimum three segments needed for your Chart of Accounts. Write down one example of a Fund, a Cost Center (e.g., a specific program), and an Object Code (e.g., Rent Expense) that your nonprofit uses.
- Design a Gift Pyramid: Sketch a basic gift pyramid for your next major fundraising initiative. Define the top-level Fund, the specific Campaign, the driving Appeal (e.g., Spring Mailing), and at least two Gift designations (e.g., Sponsorship, Tickets).