Managing Nonprofit Cash Needs
Similar to annual budgeting, proactive cash management is extremely important for your nonprofit’s financial security. The Numbers 4 Nonprofits accountants work directly with our clients to ensure a thorough understanding of each organization’s forecasted cash needs in order to achieve mission goals.
Cash Management and Timing
Understanding expected income and expenses is essential for a reliable cash management process. Numbers 4 Nonprofits can assist with creating a timeline for both income and expenses based on past financial statements. We will also work with you to identify other transactions that affect cash flow based on seasonal ebbs and flows in order to improve long-term success.
Optimizing Cash Flow
Asking specific questions about an organization’s financial status is one way we develop a personalized cash management plan:
Financial health relies on optimized cash flow management and a well-planned and diversified strategy that will guide your organization through the good times and the bad. The IRS lists these three sources as the main revenue generators for nonprofits across the country: grants (both public and private), contributions (both private and corporate), and program service fees.
Contact Numbers 4 Nonprofits today to discuss how we can help you manage your cash flow more efficiently so you can focus on your organization’s community impact.
