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What is a Budgeting Software for Nonprofits?

\n\n\n\n

Budgeting software for nonprofits is a specialized financial tool designed to help nonprofit organizations manage their funds effectively. Unlike for-profit businesses, nonprofits rely on donations, grants, and other funding sources, making financial planning a crucial aspect of their operations.

\n\n\n\n

This software provides a structured approach to budget creation, allowing organizations to allocate resources efficiently while ensuring financial transparency and accountability. By tracking income and expenses, nonprofits can make informed financial decisions, optimize funding utilization, and maintain compliance with regulatory requirements.

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Nonprofit budgeting software typically integrates with accounting and donor management systems, streamlining financial processes and ensuring that funds are distributed according to organizational goals.

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How Does It Help?

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1. Efficient Fund Allocation

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Nonprofit organizations often manage multiple funding sources, including grants, donations, and sponsorships. Budgeting software helps allocate funds accurately, ensuring that financial resources are used effectively for specific programs and initiatives.

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2. Improved Financial Transparency

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Transparency is critical for nonprofits to maintain trust with donors, stakeholders, and regulatory bodies. Budgeting software provides clear financial reports that detail how funds are collected and spent, improving accountability.

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3. Accurate Grant and Donation Tracking

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Many nonprofits rely on grants and donations, each with specific usage requirements. Budgeting software helps track these funds, ensuring compliance with donor restrictions and grant guidelines.

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4. Cash Flow Management

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Managing cash flow is essential for nonprofit sustainability. Budgeting software provides real-time insights into financial health, helping organizations prevent cash shortages and plan for future expenses.

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5. Automated Financial Reporting

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Nonprofits must generate financial reports for board members, donors, and auditors. Budgeting software automates this process, reducing manual effort and minimizing errors.

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6. Scenario Planning and Forecasting

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Nonprofits face financial uncertainties, such as fluctuating donation levels. Budgeting software offers forecasting tools that allow organizations to model different financial scenarios and prepare for potential funding challenges.

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7. Grant Compliance and Auditing

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Many grants require detailed financial documentation. Budgeting software ensures that all financial records are maintained accurately, simplifying the grant reporting and auditing process.

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What Features Are Important?

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1. Fund Accounting Capabilities

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Nonprofit budgeting software should support fund accounting, ensuring that restricted and unrestricted funds are managed separately and in compliance with donor requirements.

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2. Grant and Donation Tracking

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The ability to track and allocate grants and donations to specific projects or programs ensures financial accountability and transparency.

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3. Customizable Financial Reports

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Generating customized reports for board meetings, donors, and auditors allows nonprofits to present financial data clearly and effectively.

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4. Multi-User Access and Permissions

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Nonprofits often have multiple stakeholders involved in budgeting. The software should support multi-user access with role-based permissions to ensure secure collaboration.

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5. Integration with Accounting and Donor Management Software

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Seamless integration with accounting and donor management systems helps maintain accurate financial records and simplifies reconciliation.

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6. Scenario Analysis and Forecasting

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Advanced forecasting tools help nonprofits predict financial trends and prepare for potential challenges, ensuring long-term financial sustainability.

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7. Cloud-Based Access and Security

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A cloud-based solution allows users to access financial data from anywhere while ensuring data security through encryption and regular backups.

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8. Compliance and Audit Readiness

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Budgeting software should include compliance tracking features to ensure that financial records meet legal and grant requirements, making audits easier.

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How to do it in Modeliks?

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Plan

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    \n
  1. Build driver-based financial plans (the only right way to plan)
  2. \n\n\n\n
  3. Automated & error free financial statement (P&L, balance sheet, cashflow) plus KPIs
  4. \n\n\n\n
  5. By department, business unit, geography, stores, projects, etc.
  6. \n\n\n\n
  7. Run scenarios and evaluate new initiatives to mitigate risk
  8. \n\n\n\n
  9. Develop industry expertise with financial model templates by industry
  10. \n
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Manage your business

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    \n
  1. Set measurable targets (KPIs) across the organization
  2. \n\n\n\n
  3. Track actuals vs. plan & past periods on every important KPI
  4. \n\n\n\n
  5. Connect to your accounting software for effortless planning and reporting
  6. \n\n\n\n
  7. Drive alignment and accountability across the organization, by department, business unit, geography, stores, projects, etc.
  8. \n\n\n\n
  9. Monthly investor and management reports in minutes
  10. \n
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Fundraise

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    \n
  1. Write professional business plans. AI powered, SBA and investor ready format, done in an hour.
  2. \n\n\n\n
  3. Create pitch decks that build investor confidence
  4. \n
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Conclusion

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Budgeting software for nonprofits is an essential tool for managing finances efficiently and maintaining transparency. By streamlining budgeting, forecasting, and reporting, it enables nonprofit organizations to optimize fund utilization and ensure compliance with donor and grant requirements. When selecting budgeting software, nonprofits should focus on features that align with their financial needs, ensuring long-term sustainability and success.

\n\n\n\n

Make confident decisions with Modeliks. Plan, manage, fundraise and grow your business.

\n\n\n\n

Author:
Modeliks Team

\n","slug":"budgeting-software-for-nonprofits","date":"2025-02-17T12:22:56","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":null},"tags":{"nodes":[{"name":"business planning"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial reporting"},{"name":"market analysis"},{"name":"nonprofits"}]},"featuredImage":{"node":{"id":"cG9zdDoxMDE1Nw==","sourceUrl":"/images/cms/sumup-I5KBHUqeLJQ-unsplash.jpg","altText":"Managed IT Services Business Plan"}},"seo":{"metaDesc":"What is Budgeting Software for Nonprofits? Why would you use it? What should it feature? How to do it in Modeliks?"},"modified":"2025-02-17T12:22:58","related":[{"id":"cG9zdDoxMjA4NQ==","title":"Driver-Based Financial Planning for Restaurants: Why Table-Turns Matter","content":"\n

Why Restaurant Profit Margins Are So Tight?

\n\n\n\n

Running a restaurant is one of the most rewarding and most challenging businesses out there. Dining rooms fill up every weekend, but behind the scenes, operators fight to control costs, forecast demand, and protect razor-thin margins.

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According to industry benchmarks, average restaurant net profit margins range from just 3% to 6% for full-service establishments, while quick-service restaurants may perform slightly better. Small improvements in efficiency or revenue drivers can be the difference between struggling and thriving.

\n\n\n\n

That’s why driver-based financial planning is becoming essential for restaurant owners, accountants, and consultants. Instead of relying on static spreadsheets or simple revenue projections, it ties operational drivers directly to financial outcomes — giving decision-makers more clarity and control.

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\n\n\n\n

What Is Driver-Based Planning?

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Driver-based planning connects the key operational levers of your restaurant (the “drivers”) with your financial statements and forecasts.

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Instead of saying “we’ll grow revenue by 10%”, you ask:

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By building financial models around these real-world inputs, you create forecasts that are more accurate, more dynamic, and easier to explain.

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\n\n\n\n

Key Drivers Every Restaurant Should Track

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1. Table-Turns

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Table-turns measure how many times a table is occupied during a meal service.

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👉 Increasing table-turns by even 0.2 per service can significantly lift revenue without adding more seats.

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2. Average Check Size

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Your average check is simply:
Total revenue ÷ Number of covers served

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Upselling, smart menu engineering, and bundles can lift check size by 10–15% – directly boosting top-line revenue.

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3. Food Cost % and Waste Control

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Food costs typically range between 25%–35% of revenue depending on concept. Tracking recipe yields, supplier prices, and waste levels helps protect gross margins. Even a 1–2% reduction in waste can translate into meaningful profit improvements.

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4. Labor Costs and Utilization

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Labor is often the single largest controllable cost in restaurants – commonly 25%-35% of revenue. By modeling staffing against expected covers and dayparts, owners can avoid overstaffing during quiet hours and understaffing during peak times.

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Why Driver-Based Planning Matters

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When restaurants model table-turns, average check size, food cost %, and labor as part of their financial forecasts, they get:

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Example:
A small 80-seat restaurant increases average check size by 5% (from $25 to $26.25) and improves table-turns from 3.0 to 3.2 per service. Combined, that’s nearly a 10% uplift in revenue without expanding staff or space.

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How Modeliks Helps Restaurants

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Traditionally, building driver-based models requires complex spreadsheets and formulas. With Modeliks, restaurant owners and their advisors can:

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Modeliks removes spreadsheet chaos and helps restaurants move from guessing to planning.

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Conclusion

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Restaurants don’t live and die by revenue – they succeed or fail based on their drivers. By planning around table-turns, check size, food cost, and labor utilization, operators can make confident decisions and unlock profitability.

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With the right tools, each restaurant owner can turn complex financial planning into an actionable framework.

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👉 Want to see how driver-based planning works in practice?
Start your 15-day free trial, choose a plan, or contact us on: contact@modeliks.com for a demo session.

\n\n\n\n

Enjoy Modeliks! We know we are!

\n\n\n\n

Author:
Modeliks Team

\n","slug":"driver-based-financial-planning-restaurants","date":"2025-09-29T08:31:17","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":null},"tags":{"nodes":[{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial reporting"},{"name":"market analysis"},{"name":"modeliks"},{"name":"quickbooks"}]},"featuredImage":{"node":{"id":"cG9zdDoxMjA4Ng==","sourceUrl":"/images/cms/getty-images-q14onzK8wEg-unsplash.jpg","altText":"Driver-based financial planning for restaurants"}},"seo":{"metaDesc":"Discover how driver-based financial planning helps restaurants boost profitability. Learn why table-turns, average check size, food cost, and labor planning matter."},"modified":"2025-09-29T08:31:20","related":null},{"id":"cG9zdDoxMTU0MQ==","title":"How Accountants Can Offer High-Margin Advisory Services","content":"\n

Why Advisory Services Matter for Accounting Firms

\n\n\n\n

The accounting profession is shifting. Compliance and bookkeeping remain essential, but today’s clients expect more. They want guidance on how to run their business smarter, manage cash flow, and plan for the future.

\n\n\n\n

According to a CPA.com survey:

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This means the demand is already there. The opportunity for accounting firms is clear: move beyond bookkeeping into high-margin advisory services.

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The Challenge: Scaling Advisory Without Burning Out

\n\n\n\n

For most small and mid-sized firms, the hesitation is simple:
❌ Limited staff time
❌ No standardized tools for forecasting & reporting
❌ Concern about overcomplicating workflows

\n\n\n\n

The good news? Advisory can be delivered at scale, without adding headcount or creating inefficiencies — if you have the right system.

\n\n\n\n
\n\n\n\n

The Solution: Modeliks for Advisory Services

\n\n\n\n

Modeliks helps accountants transform their existing relationships into advisory partnerships by automating the heavy lifting.

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Here’s how it works in practice:

\n\n\n\n

1️⃣ Connect QuickBooks in Minutes
Sync client actuals directly — no messy spreadsheets or manual imports.

\n\n\n\n

2️⃣ Build Budgets & Automated Financials
Instantly generate a forward-looking P&L, Balance Sheet, and Cash Flow statement, tailored to each client.

\n\n\n\n

3️⃣ Deliver Dashboards & Variance Analysis
Clients see Actual vs. Plan vs. Previous Periods. You provide insight into why numbers moved — without building reports from scratch each month.

\n\n\n\n
\n\n\n\n

The Impact for Accounting Firms

\n\n\n\n

Firms using Modeliks see:
New revenue streams by offering planning & reporting as premium packages
Higher client retention thanks to consistent value beyond compliance
No extra headcount required, since processes are automated
Improved positioning as trusted advisors, not just bookkeepers

\n\n\n\n

As one accountant put it:

\n\n\n\n
\n

“Our clients can now make confident decisions. For us it’s a game-changer — we finally sell insight, not just compliance.”

\n
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\n\n\n\n

Why Now Is the Time

\n\n\n\n

Client expectations are rising. Competitors are moving into advisory. Technology makes it easier than ever to scale.

\n\n\n\n

If you’re an accountant or firm owner, now is the time to position your practice for the next decade. Advisory services are not just an add-on — they’re the future of accounting.

\n\n\n\n
\n\n\n\n

Next Steps

\n\n\n\n

📽️ Watch the full video playbook here: https://www.youtube.com/watch?v=UlQEwnWOdKQ.
🌐 Explore how Modeliks can help you launch advisory services in under an hour -> HERE.

\n\n\n\n

📩 Or reach out to us directly to explore how Modeliks can be tailored for your firm.

\n\n\n\n

Enjoy Modeliks! We know we are!

\n\n\n\n

Author:
Modeliks Team

\n","slug":"high-margin-advisory-services-accountants","date":"2025-09-02T08:30:06","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=UlQEwnWOdKQ"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTU0Mg==","sourceUrl":"/images/cms/Screenshot-2025-09-02-at-10.27.59.png","altText":"How to offer Advisory Services at High Margin?"}},"seo":{"metaDesc":"Learn how accounting firms can add high-margin advisory services without extra headcount. Discover how Modeliks helps accountants deliver financial planning, reporting, and dashboards that clients will pay more for."},"modified":"2025-09-02T08:30:10","related":null},{"id":"cG9zdDoxMTQ4Mw==","title":"How to Manage & Grow Your Professional Services Business: A Strategic Playbook","content":"\n

Running a professional services business is demanding. Whether you’re a founder, consultant, accountant, or finance leader, the challenges are similar:

\n\n\n\n\n\n\n\n

The truth? Many services firms outgrow spreadsheets faster than they realize. A project-based business requires a planning and reporting framework that adapts as you grow – not one that breaks every time a new client, project, or team member comes onboard.

\n\n\n\n

That’s where having a structured financial planning and reporting system becomes a game-changer.

\n\n\n\n
\n\n\n\n

Who is This Playbook For?

\n\n\n\n

This strategic framework is designed for:

\n\n\n\n\n\n\n\n

If you run a project-based business, use timesheets, or manage multiple clients, this playbook is for you.

\n\n\n\n
\n\n\n\n

How to Grow Profitability in Professional Services

\n\n\n\n

Professional services firms often face profitability challenges because margins are tied to capacity, efficiency, and client mix. Here’s where the right planning approach makes a difference:

\n\n\n\n

1. Plan by Project (Not Just Company-Level)

\n\n\n\n

Each project has its own revenue, costs, and resources. Without project-level visibility, it’s impossible to know which work is actually profitable.

\n\n\n\n

2. Track Actuals vs. Plan

\n\n\n\n

It’s not enough to create a yearly budget. Monthly actuals vs. plan reporting helps you quickly see where projects are off track and adjust before problems snowball.

\n\n\n\n

3. Build Scenarios

\n\n\n\n

What happens if a big client leaves? Or if you add two more consultants next quarter? Scenario planning gives you the confidence to make tough decisions with numbers to back them up.

\n\n\n\n

4. Monitor Utilization & Capacity

\n\n\n\n

Employee utilization is the heartbeat of a services firm. By linking financial forecasts to billable hours, staffing, and client demand, you can identify bottlenecks and prevent costly underutilization.

\n\n\n\n
\n\n\n\n

How Modeliks Helps

\n\n\n\n

At Modeliks, we’ve built a platform that turns these best practices into a structured, repeatable process.

\n\n\n\n

With Modeliks, you can:

\n\n\n\n\n\n\n\n
\n\n\n\n

Why This Matters Now

\n\n\n\n

Most firms wait until they have 100+ employees to rethink planning. But the truth is, dimensional planning and reporting matters at 20 employees, as much as at 200.

\n\n\n\n

The earlier you set up a scalable framework, the faster you can:

\n\n\n\n\n\n\n\n
\n\n\n\n

Key Takeaway

\n\n\n\n

Growing a professional services business isn’t just about winning more clients — it’s about building a system that lets you manage projects, measure performance, and grow profitably.

\n\n\n\n

That’s what this playbook is about — and why we built Modeliks.

\n\n\n\n

👉 If you want to see how Modeliks can help you manage and grow your services firm, watch the full video walkthrough here.

\n\n\n\n

📩 Or reach out to us directly to explore how Modeliks can be tailored for your firm.

\n\n\n\n

Enjoy Modeliks! We know we are!

\n\n\n\n

Author:
Modeliks Team

\n","slug":"financial-planning-for-professional-services","date":"2025-09-01T11:47:08","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=E87pBDPZzPc"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTQ4NA==","sourceUrl":"/images/cms/Screenshot-2025-09-01-at-13.39.02.png","altText":"Financial planning for professional services"}},"seo":{"metaDesc":"Discover how to manage and grow your professional services firm with project-based financial planning, reporting, and forecasting strategies."},"modified":"2025-09-01T11:47:11","related":null}]}2:["$","$L8",null,{"post":"$9"}] 7:[["$","meta","0",{"name":"viewport","content":"width=device-width, initial-scale=1"}],["$","meta","1",{"charSet":"utf-8"}],["$","title","2",{"children":"Modeliks | Budgeting Software for Nonprofits"}],["$","meta","3",{"name":"description","content":"What is Budgeting Software for Nonprofits? Why would you use it? What should it feature? How to do it in Modeliks?"}],["$","link","4",{"rel":"canonical","href":"https://www.modeliks.com/resources/financial-forecast/budgeting-software-for-nonprofits"}],["$","meta","5",{"property":"og:title","content":"Modeliks | Budgeting Software for Nonprofits"}],["$","meta","6",{"property":"og:description","content":"What is Budgeting Software for Nonprofits? Why would you use it? What should it feature? How to do it in Modeliks?"}],["$","meta","7",{"property":"og:url","content":"https://www.modeliks.com/resources/financial-forecast/budgeting-software-for-nonprofits"}],["$","meta","8",{"property":"og:site_name","content":"Modeliks"}],["$","meta","9",{"property":"og:locale","content":"en_US"}],["$","meta","10",{"property":"og:type","content":"article"}],["$","meta","11",{"name":"twitter:card","content":"summary"}],["$","meta","12",{"name":"twitter:title","content":"Modeliks | Budgeting Software for Nonprofits"}],["$","meta","13",{"name":"twitter:description","content":"What is Budgeting Software for Nonprofits? Why would you use it? What should it feature? How to do it in Modeliks?"}],["$","link","14",{"rel":"icon","href":"/favicon.ico","type":"image/x-icon","sizes":"16x16"}]] 1:null