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 9, 2020 | annual accounts, annual accounts report, annual financial report, equipment, expenses, finance management | Annual Reporting, Finance Management
If you buy equipment that costs more than a certain amount, this equipment becomes a so-called tangible fixed asset on the balance sheet of your annual accounts report. Maybe you wonder what that means and why it might be important? Equipment on your balance sheet The...
by Suzanne Bakker | Feb 2, 2020 | budgeting, call for proposals, expenses, finance management | Finance Management
Managing exchange rates can be a big challenge when receiving a grant in a foreign currency. This starts from before the grant is approved, already when you are budgeting for your proposal. At that time, you are ‘translating’ your local currency prices into the...
by Suzanne Bakker | Jan 26, 2020 | budgeting, expenses, project expenses, travel expenses | Getting Started, Project Design
Previously, we looked at domestic travel costs and how to properly account for them. Now I want to look at international travel. In general, the same principles apply as for domestic travel. But there are four aspects I want to highlight. Class Most international...
