Kristine Ensor is a freelance writer with over a decade of experience working with local and international nonprofits. As a nonprofit professional she has specialized in fundraising, marketing, event planning, volunteer management, and board development. Any other...
In addition, they should review the final draft against the organization’s goals and objectives. The template’s operating expenses section allows you to easily determine your rolling cash balance. Keep monthly and quarterly tabs on your nonprofit’s cash flow with this...
The amount of cash generated (or https://greatercollinwood.org/main-benefits-of-accounting-services-for-nonprofit-organizations/ used) by the organization’s financing activities. A loan made, often on a short-term basis, in anticipation of being repaid by permanent or...
If you handle money at all (personal life, business, etc.), you need a budget. Most people go to work for a charitable organization because they want to spend their time serving their community. They hardly ever do it with dreams of spending their time managing...
Surrender value refers to the amount a person would receive if they withdraw money from their own life insurance policy’s cash value. After a period of time set in the policy, the policyholder usually can withdraw the cash value without any fees, in which case...
You multiply the actual quantity of materials bought by the difference between standard and actual price per unit. One more, the favorable variance may arise from the purchase of low-quality material. The purchasing department and production manager need to do proper...
