Financial Management for NGOs - fundsforNGOs - Grants and Resources for Sustainability

How NGOs can maintain Stock Register – NGO Financial Management Policy

...continued (click here to know more) A stock register is a records of goods purchased and/or stored. Usually there is a set format for this register and there are certain protocols to be followed while maintaining this register. Below are the guidelines that can be mentioned in the financial … [Read more...] about How NGOs can maintain Stock Register – NGO Financial Management Policy

How to develop Financial Planning and Budgeting in NGO Financial Management Policy

...continued (click here to know more) NGOs receive specific grants to implement activities but it may not be necessary that the entire allocated grant will be spent for a certain activity. NGOs usually have their own internal valuation systems to judiciously allocate resources for different … [Read more...] about How to develop Financial Planning and Budgeting in NGO Financial Management Policy

Budget Management and Planning the Financials – NGO Financial Management Policy

...continued (click here to know more) Further to planning budgets for specific activities by an NGO, below are the details outlined on how to manage the budget and what guidelines to be taken into consideration: “13.2 Budget Management a) A Budget is an estimate of the amount of money to be … [Read more...] about Budget Management and Planning the Financials – NGO Financial Management Policy

How to develop Financial Reports in NGOs – NGO Financial Management Policy

...continued (click here to know more) Financial reports are developed for internal use such as monitoring expenses within the organization and also for external use such as for submitting reports to donor agencies. In many cases, there can be separate formats for both the uses. Nevertheless, it is … [Read more...] about How to develop Financial Reports in NGOs – NGO Financial Management Policy

Internal Control Measures and Management Information Report – NGO Financial Management Policy

...continued (click here to know more) Further to developing different reports as part of the financial management, below are details on internal control measures and management information report: “14.3 Internal Control Measures In addition to setting up adequate internal control measures, … [Read more...] about Internal Control Measures and Management Information Report – NGO Financial Management Policy

How to maintain Fixed Assets Register – NGO Financial Management Policy

...continued (click here to know more) As part of the financial management policy, NGOs need to maintain a Fixed Assets Register and below is the process for it, which can be included in your policy manual: “15. Fixed Assets Register It is the responsibility of the Finance/Accounts manager to … [Read more...] about How to maintain Fixed Assets Register – NGO Financial Management Policy