All posts by mytraining

The Importance of Budgeting for Nonprofits!

Balancing the AccountsMany Nonprofits struggle with establishing their budget for the next year. A budget is a financial plan that serves as a guide for month to month operations. Budgeting is extremely important for many reasons beyond the books and money management that many nonprofits do not realize.

The first main reason why budgeting for nonprofits is crucial is it allows you to focus on short and long-term strategic goals, which are usually connected to the availability and timing of funding. If your budget is not planned out strategically then your organization may not be able to reach its highest potential.

Budgeting also allows you to create financial controls that allow you to set spending limits and will attempt to keep costs in line with revenues. Creating financial controls and spending limits will allow your nonprofit organization to not overspend, and make sure you are making beneficial decisions for your organization.

A good budget can provide outside parties granting money or other resources to the organization a financial plan based upon accountability, transparency, and good faith. Outside parties that grant money to nonprofit organizations want to see where their money is going, and that it is going to a good cause. Having a budget established allows you to show where the money you are receiving is going in the organization.

Budgeting will also allow nonprofits to maintain focus on the organization’s mission and grow their organization. Having a well thought out budget will allow you to keep your financials up to date and stable, by knowing ahead of time what amount you want to/can spend on certain things. A budget also will allow organizations to grow by using their current resources to the maximum, and hopefully gain more grants along the way.

The final main reason as to the importance of budgeting for nonprofits is it allows the organizations board to use the budget in its oversight and review. Having an up to date, in-depth budget will increase your chance to getting your board to approve the budget that you are looking to receive for that year. In return allowing you to accomplish all the goals and objectives your organization has set for the year.

Budgeting is extremely important for nonprofit organizations to be successful and to accomplish all the goals they wish to achieve. If you would like to learn more about budgeting in Abila MIP Fund Accounting™ please refer to our new MIP Budgeting Module Training Video Series. Training videos currently in this series include Budget Preparation and Entry Overview (BUD 01) (coming soon), and Budget Transaction Entry (BUD 10). These training videos will take you step by step through the budgeting process in Abila MIP Fund Accounting™!

Check Out Our New Releases At TrueNorth Training!

Every day the TrueNorth Team is hard at work scripting and creating new videos to add to the TrueNorth Training series for Abila MIP Fund Accounting™. We are excited to announce the next 2 videos released in the series.

The first MIP training video released to subscribers is Entering in Accounts Receivable Invoices (ARI 01). This is the first video in our new Accounts Receivable training video series. Many subscribers requested this series, so we are extremely excited that this is now released, and our team is working on additional videos to complete the series on the AR module. Entering in Accounts Receivable Invoices (ARI 01) video will teach you how to fill out the session information screen, what to use for the invoice number field, how to code the revenue line properly, what to enter in the transaction description line, and how to run an unposted transaction report and post the session.

The second MIP training video released to non subscribers and subscribers is 5 Transactional Efficiencies in Abila MIP (TNT 04). This video is the fourth video in our free Tips and Tricks series for Abila MIP Fund Accounting™. In this video you will learn about Distribution Codes, how to Memorize/Recall documents, Recurring Entries, how to Auto Increment Document Numbers, and how to utilize Auto Reversal in Journal Vouchers.

We are pleased to get these videos to you. We will be releasing many more in the upcoming months. Keep your eye out for Memorizing and Recalling Documents, and Recurring Entries. If there are any particular videos you would like to see added please contact us or leave your comments below!

The Main Differences Between Online And Classroom Style Training You Should Know About!

There are many differences between online and classroom style training that set the two apart from each other. After reading through these differences I’m sure you are going to sway towards one style of learning over the other.

The first main difference is that online training has frequent course interaction where classroom style training has more passive course material. Online video training allows you to go back and review materials as much as you like. Unlike classroom style training where you hear something once and you’re supposed to remember it. Studies show many learn better by “doing” rather than just “reading” the material.

The second difference between online and classroom style training is online training has a positive study environment, while classroom style training there can be more day dreaming then learning being done. The online learning environment also allows you to have no negative people surrounding you or distracting you (phone calls, people sleeping, loud talkers, etc). Whereas classroom style training you have to sit through long classes with others possibly distracting you from learning effectively.

The third main difference between the two is online video training is self-paced, whereas classroom style training ignores individual learning preferences. Online training allows every human being to utilize their own way of learning. Not everyone learns at the same pace, and online video training allows you to learn at the pace you are capable of. This is not the case in classroom style learning where you are forced to learn at the same pace as everyone else, and at the pace the teacher wants to teach. Classroom style training does not take in to consideration that everyone is different and learns differently.

The forth main difference between online and classroom style training is online is more visually stimulating to the eye. Video training is more appealing to the eye and less harsh then staring at a chalkboard or instructor all day. Overall would you rather look at something enticing or boring?

The last main difference between the two is flexibility. Online training allows you to create your own schedule on your own time. Classroom style training is the complete opposite with a strict schedule. You need to plan your busy work day around classroom training, or take days off away from work to receive the training.

After hearing all the differences between the two which style do you like better? If you are saying online training then subscribe to True North Training, and say good bye to classroom style training for Abila MIP Fund Accounting™ !

How TrueNorth Training Differs From Webinars!

We have received many questions relating to how our video training series is different than Webinars. True North Training is an all-encompassing video training series and will teach you everything you need to know about Abila MIP Fund Accounting™, rather than just certain aspects like you would learn in Webinars. Webinars are useful and better then classroom style training, but there are still set times for them which makes it hard for many users to attend them. Whereas True North Training is available 24/7 allowing you to train and learn when it is most convenient for you.

One of the biggest differences between the two is the price and the value that comes along with that price. Webinars usually run for an average of 3 hours and usually cost $300-$400 dollars per user. Where True North Training is available for a year for $499 for 45 videos with 3 hours of content for 5 users. There is no comparison to the value of True North.

Another main difference between the two is the ability to access the training information again after watching the videos. True North Training is available based on your subscription of 2 days, a month, or a year. Unlike if you signup and watch a Webinar where the information is usually only available for the time period it is shown.

Overall there is no comparison between True North and Webinars as you can see in the chart below! Join the revolution today and see the value of True North first hand!

 

Picture 745

 

Learn How Businesses Are Using Visual Learning!

Visual learning is a teaching style in which ideas, concepts, data and other information are associated with images, and techniques. Businesses are now using visual learning in three different aspects of their organization.

The first is for new hires on-board. You hire this awesome new employee that you are so glad to have a part of the team, but our swamped with work that you don’t have time to train the new employee. This has become more and more common nowadays especially in nonprofit organizations, where many have numerous jobs that they hold within the organization. E-learning is a great way to train new hires while also saving mangers/ owners time to do their own job. E-learning allows new employees to learn on their own and not have to rely on others.

As the growth of visual learning keeps expanding into other aspects of businesses we have seen an increase in e-learning for leadership/management development. The key to any successful business is having managers/owners who continuously development their knowledge, and never stop learning new ways and processes to help their organization in the long run.

“The more that you read, the more things you will know. The more that you learn, the more places you’ll go.”
― Dr. Seuss, I Can Read With My Eyes Shut!

You will never have a successful company in this ever growing technology based world, if you do not continue to development your leadership and management department with new knowledge.

The last way businesses our using visual learning is for continuing education. Just as management and owners need to continue their knowledge employees need to as well. Training on new techniques and procedures are needed for employees to be successful in the workplace. Continuing education programs available to employees over the internet on their own time is a lot easier, than having employees travel to training or conferences.

True North Trainingfor Abila MIP Fund Accounting™ will allow organizations to train new hires, enhance leadership knowledge, and build on employee’s inherent knowledge on MIP Fund Accounting.

 

Learn How To Utilize Every Report Type In Abila MIP Fund Accounting™!

reporting pictureReporting in Abila MIP Fund Accounting™ can be tricky at times. Which type of report do I use? How is a statement of Revenue and Expenditures different than the General Ledger? If you are starting out in the accounting world these may be common obstacles that you encounter.

Look no further- our MIP Reporting training video series is now complete! Our reporting training video series includes step by step instruction on how to utilize 4 reports in Abila MIP Fund Accounting™.

The first report is the Unposted Transaction Report (RPT 01). In this MIP training video on unposted transaction reports you will learn the proper steps to create and modify an unposted transaction report, the purpose of each main file folder and their functions, and what each icon on the icon toolbar represents.

The second training video in the series is the Expanded General Ledger (RPT 20). In this MIP training video, you will learn the proper steps to create and modify an expanded general ledger, the purpose of each main file folder and their functions, and the different options offered in the options tab.

The third training video in the series is the Statement of Revenue and Expenditures (RPT 30). In this MIP training video you will learn the proper steps to create and modify a statement of revenue and expenditure, the purpose of each main file folder and its function, and a review of the options available on the statement of revenue and expenditures.

The final training video in the report series is the Balance Sheet (RPT 40). In this MIP training video you will learn the proper steps to run a balance sheet, the purpose of each main file folder tab and their functions, and the different options offered in the options tab for the balance sheet.

Reporting is a very difficult task for many to get a grasp on. With our reporting training videos you will learn everything you need to know about the major report types in Abila MIP Fund Accounting™.

Subscribe to have access to all of our reporting training videos.

True North Endeavors LLC Selected As A Winner In The 35th Annual Telly Awards

FOR IMMEDIATE RELEASE

Doylestown, PA – May 27th 2014 – The Telly Awards has named True North Endeavors, LLC as a Bronze winner in the 35th Annual Telly Awards for their piece titled “Never Feel Lost”. With nearly 12,000 entries from all 50 states and numerous countries, this is truly an honor.

True North Endeavors, LLC’s “Never Feel Lost” video is a cartoon showing the difficulties that many workers face in the work place when using Abila MIP Fund Accounting™, without the proper training available to them. Having the True North Training video series online available to Abila MIP users allows users to “Never Feel Lost Again.”

The Telly Awards was founded in 1979 and is the premier award honoring outstanding local, regional, and cable TV commercials and programs, the finest video and film productions, and online commercials, video and films. Winners represent the best work of the most respected advertising agencies, production companies, television stations, cable operators, and corporate video departments in the world.

For its 35th season, The Telly Awards once again joined forces with YouTube to give the public the power to view and rate videos submitted as part of the People’s Telly Awards. In addition to recognition from the Silver Telly Council, the judging panel that selects the Telly Awards winners, the Internet community helps decide the People’s Telly Awards winners.

A prestigious judging panel of over 500 accomplished industry professionals, each a past winner of a Silver Telly and a member of The Silver Telly Council, judged the competition, upholding the historical standard of excellence that Telly represents. The Silver Council evaluated entries to recognize distinction in creative work – entries do not compete against each other – rather entries are judged against a high standard of merit. Less than 10% of entries are chosen as Winners of the Silver Telly, our highest honor. Approximately 25% of entries are chosen as Winners of the Bronze Telly.

“The Telly Awards has a mission to honor the very best in film and video,” said Linda Day, Executive Director of the Telly Awards. “True North Endeavors LLC’s accomplishment illustrates their creativity, skill, and dedication to their craft and serves as a testament to great film and video production.”

Receiving this award has been a great honor for our team. This award has put into perspective for us how much of what we are doing is impacting the industry in a positive way, and we are beyond excited to see what the future holds.

To find out more about the Telly Awards visit their website at: www.tellyawards.com

About True North Endeavors LLC
True North Endeavors, LLC is a leading provider of web-based training solutions for the Abila MIP Fund Accounting™ Community. True North Endeavors focuses on enhancing the overall user experience for Abila MIP Fund Accounting™ users having user “Never Feeling Lost Again” through our video training series, integration solutions and application development.
View the award winning video here: http://www.mytruenorthtraining.com/

Causes of the Shift in the Way Training is Done!

elearning 3Long gone are the days of sitting through 8 hour classroom style lectures or training classes. Now everything is available online at your own convenience right from your own home. There are many changes in the workplace that have caused this shift in the way training/learning is being done.

One of the biggest causes is the education gap across all the generations in the workplace now. There are four generations currently in the workplace and all of them learn differently by the resources that were provided to them. The baby boomer generation tends to go towards the traditional ways of learning, while the millennials sway towards technology with the assumption that learning is more convenient. All of the generations in the workplace have one big thing in common, though, – they are all strapped for resources, and time and need training to be available at their fingertips. This shows that online and self-paced video training is a must in the diverse workplace nowadays. Allowing people to learn at their own pace and on their own time is the only way to appeal to all the different learning styles across all the generations.

The need for cost effective training is another cause for the shift of training going to online. Online video training will increase because people need cost effective ways to get training. Traveling to seminars and conferences is not feasible for many because of the high travel rates and days taken away from work.

The increased focus on productivity in the workplace also has helped cause the shift of how training is done. Micro-learning has become very important and necessary for many people. Micro-learning deals with small learning units and short-term learning activities. With generations entering the work force that know where to find resources quickly this is going to become extremely popular and a must in the future for learning/training to be successful.

The increased need of collaborative learning also helped influenced the shift towards online video training. With the ever growing amount of social media networks available to get answers to your questions and interact with others about topics, collaborative learning is key to online training in the future.

Overall there are four main causes that has shifted the way of learning more towards online, the generational gap in the workplace, the need for cost effective training, increased focus on productivity, and the increase of collaborative learning.

Have you joined the new way of training for Abila MIP Fund Accounting™? True North Training is the pioneer of online training for Abila MIP Fund Accounting™. Our video series will take you step by step through all major processes in MIP Fund Accounting and much more!

Tips and Tricks Free Video Series Released!

Tips and tricksTime is precious and who wants to waste it by not knowing all the tricks in Abila MIP Fund Accounting™?  Look no further: True North Training has created five free MIP training videos focusing on all the tips and tricks in Abila MIP Fund Accounting™ that users should be aware of. The team at True North has seen first-hand clients struggle with Abila MIP Fund Accounting™ because they are missing the knowledge of these and that is why we are here to help!

The tips and tricks MIP training video series is broken down into three categories. The three categories are Vendor Setup Must-Knows, Transactional Efficiencies, and Administrative Efficiencies. In the Vendor Setup-Must Know MIP Training Video, you will learn how to enter multiple vendor addresses, establish default coding, rename a vendor ID, reverse a single voided check from a batch, and how to change the net days due for a vendor. In the Transactional Efficiencies MIP Training Videos you will learn tips about distribution codes, recurring entries, offsets, F keys, entry defaults, and various other transactional efficiencies. The last tips and tricks category focuses on Administrative Efficiencies in Abila MIP. In the Administrative Efficiencies MIP Training Videos you will learn tips about entry dates, managing current users, clearing out locked users, enabling document number control, and various other administrative efficiencies.

Below is a full list of the training videos in the Tips and Tricks Video Series.

               –  TNT 01: 5 Transaction Entry Must Knows
               –  TNT 02: 5 Vendor Setup Must Knows
               –  TNT 03: 5 Administrative Efficiencies 
               –  TNT 04: 5 Transaction Entry Must Knows (coming soon)
               –  TNT 05: 5 Administrative Efficiencies (coming soon)

 

You can find the free Tips and Tricks MIP training videos on our websites homepage!

Check out what’s coming soon to True North Training!

coming soon tntEvery day the True North Team is hard at work scripting and creating new videos to add to the True North Training Series for Abila MIP Fund Accounting™. In the next month you will see many video additions to the website and we couldn’t be more excited to share the details with you!

The first video to be released is Entering in Cash Receipts (GLT 80). This video will teach you how to properly fill out the session information line, what to enter in the receipt number field, how to code the revenue line properly, what to enter in the transaction description line, and how to post an unposted transaction report and post the session.

The second video to be released is Budgeting Preparation and Overview (BUD 01). This video will teach you what a budget is, the importance of budgeting for nonprofit organizations, and an overview of the various budgeting entry options available for Abila MIP Fund Accounting™.

The third video to be released is Budget Transaction Entry (BUD 10). This video will teach you how to establish a session, how to manually enter in your increases and decreases, how to edit budget transactions before posting, and how to correctly post Budget Transactions.

We are pleased to get these videos to you. We will be releasing many more in the coming months. Keep your eye out for Basics of Imports, Memorizing and Recalling Documents, and Recurring Entries. If there are any particular videos you would like to see added please contact us or leave your comments below!

...to be able to have a tool that is very user friendly, that will supplement and be layers of additional resources and information on top of the hands on training we receive – this is a definitely a brilliant use of technology and I’m very excited to have access to it."
Allison Spinelli,
Cumberland County Office of Employment and Training