Financial Management

 

This relates to managing the day-to-day finances of a not-for-profit entity. In order to function, you will require

 

• ready cash, or working capital
• a treasurer or someone whose job it is to look after the finances
• good governance over the functions of the entity
• internal controls to protect your treasurer and your entity’s assets

 

Many not-for-profit organisations are also involved in other activities which are also covered here

 

• fundraising and making grant applications
• street appeals
• budgeting (it is important that you link your actual results to your budget)

 

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