finance management Archives - Page 7 of 8

Reserves and Funds

by Suzanne Bakker | Feb 16, 2020 | Finance Management

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...

How to Handle Tangible Fixed Assets?

by Suzanne Bakker | Feb 9, 2020 | Annual Reporting, Finance Management

If you buy equipment that costs more than a certain amount, this equipment becomes a so-called tangible fixed asset on the balance sheet of your annual accounts report. Maybe you wonder what that means and why it might be important? Equipment on your balance sheet The...

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...

Year End Project Balances

by Suzanne Bakker | Jan 12, 2020 | Annual Reporting

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...

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...