financial management

Generating Nonprofit Financial Statements for Your Small Group
So, you’ve been elected Treasurer for your PTA, Booster Club, Rotary or Sports League. Even if you aced accounting in college, this responsibility isn’t to be taken lightly. Providing a nonprofit financial statement is an absolute must. Here’s why. Your board members and/or key stakeholders need to know what has changed with the finances since…

Cash Flow Management for Clubs, Teams and Parent Groups
Simply put, cash flow management is tracking the money that comes in and out of your nonprofit. It’s one of the essential duties of a nonprofit treasure! If you don’t manage your cash flow, you are putting your nonprofit at risk of more than just cash shortages. Losing a donor or having to cancel a…

The Ultimate Guide to Financial Best Practices for PTO Treasurers
School Parent Groups are known for their fundraising brilliance. Parents, teachers, faculty and students do amazing work creating new ways to pay for everything from new playground equipment to classroom supplies. But let’s get down to the brass tax of this post: what happens after the money comes in? Why Finances Matter to School Parent…

Try This Simple Budgeting Process for Your Nonprofit Organization
Does your nonprofit need to budget? Yes, and here’s why. The budget provides a framework for organizational decision-making. Developing a budget helps your board make choices between projects. Using it helps to maintain focus on what’s most important to your group. They help set expectations for an organization, tell us what we expect to achieve,…

Collecting Dues When Times Are Tough
When your organization or community faces hard times, you may feel uncomfortable collecting dues from your members. Whether you are managing due collection for a sports team or an HOA, it is important to remember how crucial dues are to keep your organization running properly. Keep in mind that your members are most likely loyal…

Treasurer Transition Strategies for HOAs
Serving as the treasurer for your HOA Board of Directors is an important job. To make your job as treasurer a little easier, there are a few things you can do to smooth your transition onto the Board. Smooth transitions are not only key to your success but they can aid in future changeover which…

Neighborhood Winterization Ideas for HOAs
It’s that time of year again. The leaves are falling, the temperature is dropping and you might even see a few snowflakes in the air. For a Homeowners Association (HOA) this is a time to get a few loose ends organized to ensure that your property is protected during a long period of inclement weather.…

The Treasurer Duties of Reconciling a Checking Account
Whether you are an incoming Treasurer or this is a re-occurring role for you, the Treasurer duties of reconciling a checking account are very important to your financial success. Mistakes & Fraud There are two main reasons for reconciling a checking account. The first is to identify and correct errors. Let’s face it, mistakes happen!…

Creative Fundraising Ideas for Sports Teams
The same old fundraiser might bring in money, but it can also get a little boring for yourself and supporters. Why not try something new? Here to change up your moneymaking activities are a few creative fundraising ideas for sports teams. Obstacle Course How many people tune in to watch “American Ninja Warrior” each week?…
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