...continued (click here to know more) It is important for NGOs to dedicate a section on the salary of the staff in their financial management policy. The staff needs to aware about the salary systems followed by the organization whether payment to them is made on a monthly basis or not, mode of … [Read more...] about What Procedures can be followed for Salaries and Advances in NGOs – NGO Financial Management Policy
How NGOs can operate bank accounts – NGO Financial Management Policy
...continued (click here to know more) All registered NGOs in most countries can operate bank accounts. Bank accounts are also required to receive funds mobilized by NGOs besides using them for administrative and project-based expenses. A procedure on how to operate these bank accounts would be … [Read more...] about How NGOs can operate bank accounts – NGO Financial Management Policy
How NGOs can manage Bank Transactions – NGO Financial Management Policy
...continued (click here to know more) It is also important to have systems for managing bank transactions and these systems need to be properly outlined in the financial management policy of the NGOs. Below are some of the standard systems followed and mentioned in the financial policy … [Read more...] about How NGOs can manage Bank Transactions – NGO Financial Management Policy
How to validate bills, invoices, receipts & vouchers for effective NGO accounts management – NGO Financial Management Policy
...continued (click here to know more) As NGOs manage expenditures through staff members, it is important to adopt a process to ensure that all expenses are valid and strict accounting procedures are adopted to check them. Such a process helps in maintaining a control on the expenditures and also … [Read more...] about How to validate bills, invoices, receipts & vouchers for effective NGO accounts management – NGO Financial Management Policy
Types of Checks to be adopted for passing Vouchers for Payment – NGO Financial Management Policy
...continued (click here to know more) Below is a list of checks need to be adopted by NGOs in their financial management policy for passing vouchers and receipts of payment: "7.2 Checks to be done before passing a voucher for payment a) Whether required supporting documents are present b) … [Read more...] about Types of Checks to be adopted for passing Vouchers for Payment – NGO Financial Management Policy
How NGOs can maintain Cash Book – NGO Financial Management Policy
...continued (click here to know more) A cash book generally records all types of financial transactions and it is an important bookkeeping document. Here is the procedure for maintaining a cash book in an NGO: "8. Maintaining Cash Book A cashbook is a primary book of entry that is prepared … [Read more...] about How NGOs can maintain Cash Book – NGO Financial Management Policy
Types of Books and Documents to be maintained for accounts management in NGOs – NGO Financial Management Policy
...continued (click here to know more) Following are listed the various types of books and documents (bookkeeping) to be maintained by NGOs for proper and systematic accounting. The same list can be mentioned in the financial management policy as well: "9. Account Books and Documents to be … [Read more...] about Types of Books and Documents to be maintained for accounts management in NGOs – NGO Financial Management Policy
Sample Payment Voucher – NGO Financial Management Policy
Sample Local Conveyance Sheet – NGO Financial Management Policy
Sample Ledger – NGO Financial Management Policy
