Cash Flow Management

Hosted by Propel Nonprofits, this page discusses the need for nonprofit organizations to manage their cash flows:

“While standard nonprofit financial reports – the budget, income statement, and balance sheet – provide important management information, these statements alone do not tell whether there is enough cash on hand to pay for an unexpected heating repair, to take on a new program opportunity, or even to cover payroll next month. For this, effective cash flow management is essential.”

From there, it discusses the whys, whens, and hows of cash flow management, along with a variety of strategies and some failsafes to avoid problems.

Visit the page.