Introduction to Financial Management


In these difficult times, nonprofits that do not present themselves as very careful with their funds run a high risk of losing support. If you have little or no background in managing finances, look here for good introductions to how to account for, control and report on how you use your money.

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    VSKN normally includes only websites that offer free resources. However, in the case of financial management for nonprofits, there is not that much available. Some useful sites follow but this one contains reference to several excellent books on the subject that may be purchased from this publisher.
    Jossey-Bass
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    Take this quick quiz on the state of your nonprofit's financial management from Carter McNamara, Carter.
    Authenticity Consulting
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    Scroll down to the "Finance and Social Enterprise" section of this site to see an array of excellent articles on how to improve the management of your organization's finances.
    The Fieldstone Alliance
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    This San Francisco-based organization is primarily dedicated to helping social enterprises. But this tool for interpreting the meaning of audited financial statements is useful for any nonprofit.
    REDF (formerly Roberts Enterprise Development Foundation
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    From none other than the United Church of Canada comes a very thorough Financial Handbook for Congregations. Though prepared for church congregations almost all of it applies equally well to any small, mostly volunteer nonprofit organization concerned about getting its finances in order. Go to: [*Content Deleted*] and click on "Financial Handbook for Congregations". See also the supplement for 2009.
    The United Church of Canada
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    The British based Charities Aid Foundation has excellent info on all aspects of money mangement for nonprofits. Click on their "Guide to Financial Management" in this site.
    Charities Aid Foundation