As our collective eyes turn towards 2010, it isn’t too early – or too late – to get your budget prepared for the New Year. Most organizations focus their time and energy budgeting expenses. But remember to take the time to also budget your income and cash flow. It can also be very helpful to break the budget out on a quarterly or monthly basis, not just on an annual basis. This will help you prevent cash flow shortages from sneaking up on you as expenses tend to be smoother than donations. Lastly, Easy Office does prepare budgets for many of our clients, large and small, so if there is any way we can help, please contact us.
Easy Office Blog
Nonprofit Budgeting Tip
Jeff Russell - Thursday, December 03, 2009
Non-profit accounting tips
Jeff Russell - Thursday, October 15, 2009
Closing the books. It can be a really helpful discipline to “close the books” once they are reconciled for a period, for example at the end of the month. After a period is closed, most accounting software, including Quickbooks, can be set up to require a password or provide users with an alert before editing ‘closed’ transactions. This may help prevent inadvertent changes to your past which can throw off reconciliations, financial statements and more. Just the simple act of closing your books regularly can help keep them nice and clean.
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