Financial management policies are important to organizations because they contain the process and practices that support non-profit organizations in understanding how they are spending their funding and who is responsible for ensuring an organization’s financial health.
For small organizations, financial management can seem intimidating. But it does not have to be! At its core, financial management policies are key to ensuring the organization’s sustainability and longevity.
Getting started:
Nonprofit Fiscal Policies & Procedures: A Template and Guide
A Guide to Financial Statements of Not-For-Profit Organizations: Questions for Directors to Ask
Links:
Financial Management: Budgeting & Basics, Records & Financial Statements, Audits
Critical Financial Controls for Small to Medium Nonprofits and Charities
Annual Reporting:
Examples:
Ralph Thornton Community Centre
