by Suzanne Bakker | Mar 1, 2020 | Project Design
I know no not-for-profit that is not excited when they see a call for proposals. After all, a call to send in a proposal is a chance of contributing to your organization’s objectives. It is a possibility for receiving money that can help you work on your mission. An...
by Suzanne Bakker | Feb 23, 2020 | Annual Reporting
Your annual accounts report is not complete without a report of the board. The annual accounts report must contain more than just numbers or short explanations of these numbers as you share in the notes. It needs to include a narrative that provides more insight and...
by Suzanne Bakker | Feb 16, 2020 | Finance Management
The balance sheet of your annual accounts report includes a section called ‘reserves & funds’, if you have any organizational capital at all (negative or positive). For continuity of the organization it is needed to have reserves, even though as not-for-profit it...
by Suzanne Bakker | Feb 9, 2020 | Annual Reporting, Finance Management
If you buy equipment that costs more than a certain amount, this equipment becomes a so-called tangible fixed asset on the balance sheet of your annual accounts report. Maybe you wonder what that means and why it might be important? Equipment on your balance sheet The...
by Suzanne Bakker | Feb 2, 2020 | Finance Management
Managing exchange rates can be a big challenge when receiving a grant in a foreign currency. This starts from before the grant is approved, already when you are budgeting for your proposal. At that time, you are ‘translating’ your local currency prices into the...
