Chapter SevenFinancial Management
Rob Batarla, MBA, CPA, CAE
Money matters. Some people don't like to talk about it. And in the world of nonprofit (which includes charities and associations—both trade and individual membership), there is often focus on the mission and organizational accomplishments pushing finances to the back burner. However, deep down inside everyone knows that without the money, the mission and major accomplishments would not exist.
With increased scrutiny on nonprofits from the Internal Revenue Service and charity watchdog organizations, making sure the money is in good proper order is essential. From budgeting to financial reporting to auditing and tax preparation, following best practices can make all the difference. ...
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