Management

Nonprofit Budgets Defined A Budget is a financial plan for a preset period, usually one year. A budget is plan that reflects, in monetary terms, how resources are acquired, allocated and spent.  In the case of any business –  nonprofit organizations included –  your budget is an essential tool used in the fulfillment of your

Internal Controls Internal controls are an organization’s written plans, methods, and procedures implemented for the purpose of maintaining financial management practices that are systematically used to prevent errors, fraud, and impropriety.  While you cannot directly safeguard against internal errors or fraud, internal controls focus on minimizing those opportunities. Controlling Organization Activities At a very basic

Budgets A Budget is a financial plan for a preset period, usually one year. A budget is plan that reflects, in monetary terms, how resources are acquired, allocated and spent.  In the case of any business –  nonprofit organizations included –  your budget is an essential tool used in the fulfillment of your chief  business