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...
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...
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...
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...
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...
