December 4, 2011
Tips for Smarter Financial Management at Nonprofits
- Develop a plan to allocate indirect costs, such as rent and utilities, to each of the organization’s programs and apply that plan consistently.
- Consider total program costs when deciding whether to accept a contract or grant; make sure it would cover all expenses.
- Budget conservatively, using data about the number of clients programs typically attract.
- Make sure the group’s accounting software can track expenses by program as
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