Managing your small charity’s finances
Create a finance strategy
· One of the first things you should do is create a finance strategy and allocate certain jobs to the right people.
· You could think about questions such as ‘what are our plans for the fture?’ and ‘how will we manage donations or fundraisers?’
· The key is to start with a basic one and develop it as you get more confident.
Train your staff
· It is worth looking at what training courses are available. It does not have to be expensive. Training courses can help you know more about financial management and you may find it easier to manage your charity’s finances.
Outsource
· As your charity continues to grow, it can be more cost effective and less time consuming to hire an accountant to help you with your finances. DTT Consultancy specialises in assisting charities with their finances
These are just a few of the things you or your company can do !