Oh No! Not the Budget!

Do you dread preparing your budget? Perhaps your accounting staff drop passive aggressive comments about¬†needing your help to prepare the budget, but fortunately, you always¬†have a pressing crisis handy to put off the budget meeting a bit longer. You know the board expects a budget of course, but since things always change the day after it’s approved, it’s hard to …

Cash Management in a Nonprofit

Nonprofit organizations have several unique factors which impact management of cash. Planning for adequate cashflow must be done in order to keep vendors and employees paid on time, as with any company or organization. But additional factors influence the planning process at a nonprofit, including purposes beyond profit, seasonal fluctuations in cash balances, and restrictions of designated gifts. Purpose Driven …