budgeting Archives - Page 5 of 7

What documentation do you need for your annual accounts?

by Suzanne Bakker | Apr 11, 2021 | Annual Reporting, Finance Management, Getting Started

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:...

Your Year-end Work

by Suzanne Bakker | Dec 13, 2020 | Annual Reporting, Finance Management, Practical Labour Law & HR

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...

Setting Up Systems to Get Ahead

by Suzanne Bakker | Jul 26, 2020 | Finance Management, Getting Started, Project Design

Last week I wrote about planning as a way to organize your work. To create clarity around what you should be doing when in order to achieve a set goal. Setting up systems is another element of organizing the work of your nonprofit. To most people this sounds like a...

You Must Put In What Must Come Out

by Suzanne Bakker | May 31, 2020 | Finance Management, Getting Started, Project Design

No need to worry, this is not going to be a philosophical post. Not at all in fact. I want to highlight something very practical. And a very practical solution as well! If you want to know something at the end, you must make sure you collect the necessary data from...

What is Income for a Nonprofit?

by Suzanne Bakker | May 24, 2020 | Finance Management

Many of the principles of love and attention for your nonprofit’s finance apply to your personal finance, too. For instance, making a personal budget and weekly spending plan for your household are remarkably like developing your project budget and making a liquidity...