budgeting Archives - Page 6 of 7

Preparing for your Financial Report before Starting the Activities

by Suzanne Bakker | May 3, 2020 | Finance Management, Project management

Some entrepreneurs live by the adage ‘Start before you are ready’. And I believe in that, too. Very much. Mostly because I learn from doing, so for me getting going is key to getting anywhere. But there are some exceptions where I would recommend being ready before...

Exchange Rates

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...

Costs for International Travel

by Suzanne Bakker | Jan 26, 2020 | Getting Started, Project Design

Previously, we looked at domestic travel costs and how to properly account for them. Now I want to look at international travel. In general, the same principles apply as for domestic travel. But there are four aspects I want to highlight. Class Most international...

Costs for Domestic Travel

by Suzanne Bakker | Jan 19, 2020 | Finance Management

In another post, we looked at the costs of food and drinks while traveling. And we saw how Per diems may make it easier to handle the corresponding paperwork. Usually more strict requirements apply for travel costs and it is not as easy to avoid the nitty-gritty. In...

Time Sheets As A Tool For Accountability

by Suzanne Bakker | Jan 5, 2020 | Nonprofit management

For many not-for-profits, staff is one of the key expenses for their work. While many funders do not like to feel they are subsidizing salaries, and prefer to contribute to real, tangible activities and products. That makes staff salaries a sensitive part of any...