If you want to understand the real income from your fundraising actions, you must have insight into your expenses. So let’s have a look at the follow up question: how can you get insight into your expenses? How does an expense come about? It is very important to...
Now that you have mapped your fundraising process and are making sure you monitor and learn from each step, it is time to look at the effectiveness of your fundraising work. How can you determine what is the real revenue of your fundraising actions? Revenue To be...
When we spoke about co-funding (and about avoiding double funding) I said that systems are key. You need to have systems in place to make sure you record and report all income and expenses properly and with integrity. Having such systems in place, will help you build...
Before you go out and ask a potential donor to support your plan, make sure you have developed a budget. So that you know what resources you need to implement the plan. In other words, before you do an ask, define exactly what you need. Why do I need to know my...
Like you maybe, I am currently in the process of preparing annual accounts for different nonprofits. So, I am fully immersed in excel, accounting software, the fiscal year 2020 and … paperwork. I do admit it’s digital paperwork. But it’s good old-fashioned paperwork:...
With the holidays coming up soon, it is high time to think about your year-end work if you haven’t already. With year-end work I refer to tasks and checks that need to be done in preparation of the closing of the year. The aim of year-end tasks and checks is to make...
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