general

This critical section includes resources on fiscal management, budgets, bookkeeping, financial controls, managing cash flow, credit and collections, financial analysis, new tax laws – just everything you need to know.  Be sure to take advantage of all of the templates that are available to customize for your own use.

 

feature article:
 

Bare Bones Operating

If you are finding that you need to try to do things more efficiently and cut back your spending and save money if possible, check out these free tips.  There are probably some things you have already changed within your non-profit to either save money, or to work more efficiently, or both but there is always room for improvement. Check it out!

 

more articles:

  • How do you value your volunteer time? Read stats here.
  • Thinking of becoming a fiscal agent? You'll need an agreement; here's a sample.

 

quick links:
 

Non-profit payroll: how to pay your staff

Here's how to have an effective internal accounting control system.

Here's an explanation of functional accounting

Here's some incentive to get companies to sponsor events

Non-profits struggle to provide retirement benefits to workers.

IRS offers tips for end of year donations

Practical steps to take when your investment strategy experiences major losses.

Consider providing financial training to staff and board. Having members of your organization at all levels understand their impact on the finances will help ensure you are running a tight ship.

Eighty percent of non-profits surveyed are in financial stress. Here's the article with a link to the actual study. If you need more disheartening news, here's yet another study showing the same kind of news.

Cash is not always cash

Credit card processing options - 3 choices

Lessons in working on major gifts.

Calculating trends can help you manage your money and turn deficits into surpluses.

Use this checklist to provide the best accounting software for your needs (this is not an advertisement)

How to deal with cutting costs

Read the full training session on what to cut out of your budget if you have to here.

Non-profits should be sure they've got 990's filed, and fall into the categories listed in this article.

Financial management checklist

Developing compensation packages

How to assess what are fair wages.

Payroll records - what to keep?

Read about Alternative Investments.

How to read IRS Form 990 and what it means.

What is disclosure?

No matter when your fiscal year starts, these budget tips will give you a sound budget and thus a sound mind. According to finance consultant to non-profits, Kay Snowden, “you will see benefits to your own health as well as that of your organization.”

Good discussion of what brings sustainability

Sound financial management (or how to sleep soundly without worrying)

Use budgeting as a strategic tool

How to interpret financial statements

An explanation of unrelated business income tax

How to decide what accounting software to buy (this is not a sales pitch for any one software).

How to invest short term cash balances

How to handle petty cash

New to nonprofit management? Here's a site that offers tons of great information.

If you’re in jeopardy of losing your tax exemption because you didn’t file your taxes on time, the IRS will give you a second chance!  Read this message to see what you must do.  Check out this list to see who the IRS booted out of their tax-exempt status already.