Finance and accounting in this context involves the planning and management of financial resources to support the organisation’s mission and objectives in a sustainable manner.
A strong finance and accounting system helps non-profits to ensure responsible stewardship of resources, transparency, and accountability to donors, beneficiaries, and stakeholders. It also helps nonprofits build credibility, attract funding, and sustain long-term viability.
This category will serve as a guide to set up a robust finance and accounting system within your organisation:
1. Understanding key financial policies
2. Processes and tools for effective planning and management of finances
3. Building financial sustainability of the organisation
4. Best practices and donor expectations towards financial management