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Tag: budget

The Importance of Setting A Budget for Your NonProfit Organization

By Diana Miller, CPA The Importance of Annual Budgets for Nonprofit Organizations Sometimes the importance of writing and maintaining realistic annual budgets is not always understood -but it’s imperative for a number of reasons. For one thing, the document might find more interested readers than you suspect. Who Cares? Let’s start with your co-workers. Staffers need to know when funds will be available, or whether belt-tightening might soon begin (or continue). Your budget will...

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Do You Have an Accounting Policies & Procedures Manual for Your Nonprofit?

By Diana Miller Updated 7/30/2019. Written documentation of your organization’s policies and procedures regarding accounting practices always makes sense, regardless of your line of business. But it’s particularly critical when yours is a not-for-profit organization. While the production of such a document can be highly detailed and time-consuming, it’s worth it. And it’s a job you’ll likely only do once — or perhaps just tweak periodically as laws or conditions change. Let’s...

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Fulfilling the Dream of Home Ownership

By Adriana Cabrera The prospect of buying a home can be daunting, especially for first-time homebuyers who may be saddled with student loans, car payments and credit card debt. But with planning – and some discipline – potential homeowners can make their dream of home ownership a reality. Here are some tips to help you through the process. Create a budget Begin by gaining an understanding of your income and expenses. On an Excel spreadsheet or a free budgeting app, enter your monthly...

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