Nonprofit Financial Management: Overview, Setting Up Systems, and the Annual Operating CycleThis comprehensive course provides a deep dive into the essential aspects of financial management for nonprofit organizations. Effective financial management is critical to the success and sustainability of any nonprofit, ensuring that resources are utilized efficiently to achieve the organization’s mission. The day will begin with an overview of nonprofit financial management, exploring the unique financial landscape of nonprofits, including the challenges of managing diverse revenue streams, maintaining financial transparency, and meeting regulatory requirements. Then, we will move to the process of setting up robust financial systems tailored to the needs of your organization, covering everything from selecting accounting software to establishing internal controls and financial policies. The annual operating cycle will help manage an organization’s financial planning and reporting processes that occur throughout the year such as creating and monitoring budgets, cash flow management, preparing financial statements, and conducting audits. We will also discuss best practices for working with boards and financial committees to ensure strong governance and oversight.Nonprofit Austin reserves the right to postpone this opportunity if there is not adequate registration.------------------------------------------------------------------------------------------------------Our day will be facilitated by Holly Raymond. Read more about our facilitator below:The success of […]