Financial management is one of the most important aspects of your business because it is how you will make all of your business decisions. Financial management consists of: Accurate bookkeeping Separate accounts to track your business Clear policies/procedure Business...
Nonprofits need to be as concerned and dedicated to their financial statements as any for profit business. Nonprofits are a business that operate for their mission and still need to review and evaluate their financial statements for the health of the organization....
The Board of Directors have a fiduciary responsibility to the agency and its donors. All assets need to support the mission of the agency and ensure the donor’s intent. All boards should adopt this structure for ideal financial management. Policies will help to...