income Archives - Changing Tides

How to go about ensuring completeness of your accounts?

by Suzanne Bakker | Dec 12, 2021 | Annual Reporting, Finance Management

December is for many of us the final month not just of the calendar year but also of the book year, the fiscal year. If you work with finance in your nonprofit, you are focusing on being sure you have all the needed data for closing the book year. So how to go about...

What to focus on in December?

by Suzanne Bakker | Dec 5, 2021 | Nonprofit management

December for me is very much a loose-ends month. I look at my accounting, and clear up loose ends there. I look at my data, collect a few missing ones and run a few experiments. And I look at my goals for the year and figure out if I can still do something to get...

Look ahead at your planning and expenses

by Suzanne Bakker | Nov 28, 2021 | Finance Management

Now that you have developed ways to have insight into your expenses, we can start looking ahead. It is good (great, even!) to have insight into what you spent, but remember, this is the past you’re looking at. And you also need to look at the future. What resources do...

How can you get insight into your expenses?

by Suzanne Bakker | Nov 21, 2021 | Finance Management

If you want to understand the real income from your fundraising actions, you must have insight into your expenses. So let’s have a look at the follow up question: how can you get insight into your expenses? How does an expense come about? It is very important to...

What is the real revenue of your fundraising actions?

by Suzanne Bakker | Nov 14, 2021 | Finance Management

Now that you have mapped your fundraising process and are making sure you monitor and learn from each step, it is time to look at the effectiveness of your fundraising work. How can you determine what is the real revenue of your fundraising actions? Revenue To be...