Good financial planning plays a key part in the management and on-going sustainability of any organisation. It helps inform the decisions of the management committee and can highlight financial problems early on.
Our Community Accountants provide free support to groups in a variety of ways including:
- guidance (and templates) for preparing basic budgets and cash-flow forecasts
- tips on improving the accuracy of budget figures
- what costs to consider when budgeting for a new project or grant application
- allocating overheads and using full cost recovery principles
- calculating a unit price
- what to think about when producing financial reports for the committee
- understanding your year end accounts
- what to consider when setting a target figure for reserves
