Nonprofit Spark – Basic nonprofit budget tips – 04/29/13

This show is geared to those nonprofit leaders who are somewhat intimidated by budgeting or who know there’s a better way to do it. I’m guessing that some of you have begun work on your July to June budgets and others are making mid-year budget corrections. My guest is Harold Parsons, a CPA with our show sponsor CliftonLarsonAllen. He’s worked with nonprofits for more than 30 years as a CPA and he volunteers for Wingspan, a Minnesota-based nonprofit that serves developmentally disabled adults.

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Harold and I discuss how budgets tie in to your plans, where to start, your chart of accounts, depreciation, capital budgets, cash management and more. This is an easy-going conversation that is sure to address some of your concerns and questions about budgeting. A thoughtful, thorough budget is your best tool for helping managers and board members make good decisions. Shortcuts and quick spreadsheet calculations won’t cut it if you want your organization to thrive.

To learn more about nonprofit financial management, I encourage you to visit the online service, Fun with Financials, a terrific website for nonprofit managers.

I hope you enjoy the show.

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