Board Effect
AUGUST 12, 2020
The National Council of Nonprofits recommends that nonprofit boards review their policies on an annual basis. It’s important to conduct an annual review of your policies so that your nonprofit organization remains in legal compliance and avoids liability issues. Take as many meetings as you need to do a thorough review.
Up and Running
OCTOBER 14, 2022
These advanced platforms can help small businesses, startups, and solopreneurs automatically log transactions and monitor account balances. Many of these solutions can also prepare tax forms or integrate with tax prep software. Review and refine your financial management process.
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YoungUpstarts
AUGUST 17, 2020
In the last several years, we’ve seen a number of new online services and software that are designed to help business owners track their income and payables. When the business is up and running, they should tightly manage its financial performance by creating a budgeting process and reviewing the business plan regularly for performance.
Steve Blank
NOVEMBER 1, 2017
This article first appeared on the Harvard Business Review blog. In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup.
Board Effect
APRIL 15, 2024
It does mean that when we’re designing new programs, or hiring people to help us redesign processes, that we ask a lot of questions. We’ve found that a nonprofit board that embraces diverse voices and experiences is a major factor in the organization’s success, whether it’s strategy, fundraising or program development.
Board Effect
AUGUST 26, 2019
After the audit, the audit committee should review the external auditor’s reports and consider whether they need to make recommendations to the full board to improve financial reporting practices and management practices. As part of the audit committee responsibilities, members must be diligent about reconciling the bank statement.
Up and Running
JUNE 9, 2020
Reviewing vendor pricing, eliminating frivolous expenses, and investing in time-saving tools are typical cost-cutting efforts you’re likely revisiting on a monthly, quarterly, and annual basis. One simple way to improve cash flow is to review and clean up your financial statements. Here are 10 tips to improve your cash flow.
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