Report of the Board

Report of the Board

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. The report needs to include a narrative that provides more...
Reserves and Funds

Reserves and Funds

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...
Year End Project Balances

Year End Project Balances

Sure, we are mid-January now, but if you are working in finance it is very likely that you are focused on the year end of the past year. Checking your expenses, your revenues, your balance accounts, your bank statements and so forth. And together with your project...