finance management Archives

How to handle a crisis in your nonprofit

by Suzanne Bakker | Feb 10, 2024 | Building Partnerships, Finance Management, Nonprofit management

It’s perfectly possible to have a nonprofit life without big crises. Crises that threaten the existence and future of your organisation. Taking care of money, caring for your people and building strong relations with partners and stakeholders are key in avoiding real...

7 key numbers to know about your nonprofit

by Suzanne Bakker | Feb 3, 2024 | Finance Management, Nonprofit management, Project Design

Looking at the performance of your nonprofit, there are quite a lot of numbers and data you could collect and track. It’s easy to get lost. Besides, who has time to look at everything? Here are 5 key numbers to know about your nonprofit. Insight in these numbers will...

What’s good about paperwork for money

by Suzanne Bakker | Jan 27, 2024 | Finance Management, Nonprofit management

The thing most nonprofits dislike most about money is the bureaucracy. Or maybe it’s just a feeling of bureaucracy around managing money properly. The endless form-filling. Signing this or that. Why can’t it be easy???? Let me tell you what’s good about paperwork for...

Why are financial controls important for nonprofit organizations?

by Suzanne Bakker | Oct 27, 2023 | Finance Management

“Ahhhhh no, do we really NEED this?” This is usually how someone asks me the question: Why are financial controls important for nonprofit organizations? What’s the problem? The reason why I often hear desperate ‘ahhhhhhhs’ is that most nonprofits are small. So most of...

What is the role of a bookkeeper in a nonprofit?

by Suzanne Bakker | Oct 21, 2023 | Nonprofit management

Many nonprofits think it’s best to outsource bookkeeping. To leave this work to a pro. And let the nonprofit focus on its core work. So what is the role of a bookkeeper in a nonprofit? What does a bookkeeper do? Each organisation probably uses their bookkeeper a bit...