by Suzanne Bakker | Jul 26, 2020 | board, budgeting, call for proposals, expenses, finance management, income, project basics, project design, setting up, starting your project | Finance Management, Getting Started, Project Design
Last week I wrote about planning as a way to organize your work. To create clarity around what you should be doing when in order to achieve a set goal. Setting up systems is another element of organizing the work of your nonprofit. To most people this sounds like a...
by Suzanne Bakker | May 31, 2020 | board, budgeting, call for proposals, expenses, finance management, income, project basics, project design, setting up, starting your project | Finance Management, Getting Started, Project Design
No need to worry, this is not going to be a philosophical post. Not at all in fact. I want to highlight something very practical. And a very practical solution as well! If you want to know something at the end, you must make sure you collect the necessary data from...
by Suzanne Bakker | May 24, 2020 | budgeting, expenses, finance management, income, project basics, project design | Finance Management
Many of the principles of love and attention for your nonprofit’s finance apply to your personal finance, too. For instance, making a personal budget and weekly spending plan for your household are remarkably like developing your project budget and making a liquidity...
by Suzanne Bakker | May 10, 2020 | expenses, finance management, project basics | Finance Management
Very probably you have a cash box in your office somewhere, with a small amount of money in it. You probably use this sporadically. For instance, when someone needs to run to the shop quickly to buy something very minor. In most organizations, petty cash is not...
by Suzanne Bakker | May 3, 2020 | budgeting, expenses, finance management, project basics, project design, project management, starting your project | Finance Management, Project management
Some entrepreneurs live by the adage ‘Start before you are ready’. And I believe in that, too. Very much. Mostly because I learn from doing, so for me getting going is key to getting anywhere. But there are some exceptions where I would recommend being ready before...
by Suzanne Bakker | Feb 16, 2020 | finance management, project finance | Finance Management
The balance sheet of your annual accounts report includes a section called ‘reserves & funds’, if you have any organizational capital at all (negative or positive). For continuity of the organization it is needed to have reserves, even though as not-for-profit it...
