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Basic Guide to Non-Profit Financial Management

"New nonprofit leaders and managers have to develop at least basic
skills in financial management. Expecting others in the organization to
manage finances is clearly asking for trouble. Basic skills in
financial management start in the critical areas of cash management and
bookkeeping, which should be done according to certain financial
controls to ensure integrity in the bookkeeping process. New leaders
and managers should soon go on to learn how to generate financial
statements (from bookkeeping journals) and analyze those statements to
really understand the financial condition of the business. Financial
analysis shows the "reality" of the situation of a business -- seen as
such, financial management is one of the most important practices in
management. This topic will help you understand basic practices in
financial management, and build the basic systems and practices needed
in a healthy business" (from the website).

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