Nonprofit Cash Flow Explained
Автор: Insight Financial Group (Keeping It Simple)
Загружено: 2024-01-25
Просмотров: 161
Описание:
Many nonprofits struggle with cash flow after the holidays. Many do not plan for the dip in donations.
To implement a cash process here are 3 things you need:
Online Banking Portal
Grant/Donations Report (Accounts Receivable)
Bills Report (Accounts Payable)
The cash flow has to be based on when actual cash is coming in. You will have to review grant award letters, past donations, payroll, and bills. The nonprofit board reviews the cash flow during each meeting.
Your nonprofit finance does not have to be complicated.
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Keeping Accounting Simple
https://insightfinancialindy.com/
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