Richmond Metropolitan Habitat for Humanity’s Post

Has your nonprofit’s finance department ever undergone an independent assessment of its operations? Schedule a complimentary consultation https://bit.ly/3UoIMzn to discuss how I can provide your organization with an impartial evaluation of its finance department. The guidance and tools I provide are based on my 15 years working in senior financial management positions at major nonprofit organizations where I successfully implemented processes and systems to strengthen the infrastructure of their finance departments.

Has your nonprofit’s finance department ever undergone an independent assessment of its operations? Schedule a complimentary consultation https://bit.ly/3UoIMzn to discuss how I can provide your organization with an impartial evaluation of its finance department. The guidance and tools I provide are based on my 15 years working in senior financial management positions at major nonprofit organizations where I successfully implemented processes and systems to strengthen the infrastructure of their finance departments.

I've come to appreciate the critical role of finance management in our church community. While our mission revolves around spiritual growth and community outreach, sound financial stewardship enables us to fulfill our purpose effectively. Here are a few reflections on why finance management holds such significance in our ministry: 1. Transparency Builds Trust: Openness about financial matters cultivates trust among congregants and donors. When we manage our finances with integrity and transparency, it reinforces the trust placed in us by our community. 2️. Empowering Ministry Impact: Effective finance management empowers us to allocate resources strategically. By ensuring that every dollar is used purposefully, we can maximize our ministry impact, whether it's supporting missions, outreach programs, or community initiatives. 3️. Stewardship as Worship: Managing finances in the church isn't just about numbers; it's an act of worship and stewardship. Just as we're called to steward our time and talents, we're also entrusted with the responsible management of financial resources to further God's kingdom. 4️. Long-Term Sustainability: Sustainable financial practices are key to the long-term health and growth of our church. By planning for the future, setting realistic budgets, and adhering to financial principles, we can ensure that our ministry continues to thrive for generations to come. 5️. Accountability and Compliance: With the trust of our congregation comes a responsibility to maintain accountability and compliance. Adhering to financial regulations and best practices not only protects our church legally but also upholds our commitment to ethical conduct. In my role, I'm committed to holding to our culture of financial stewardship that honors God and serves our community with excellence. Together, let's continue to prioritize wise finance management as we pursue our mission with passion and purpose. Are you in the church or non-profit space? How have you found finance management to help your organization achieve it's mission? #ChurchLeadership #FinancialStewardship #MinistryExcellence #FaithAndFinance

I often have others ask questions and my opinion on what makes a good practice and business owner. I sat down the other day and made notes on what I thought. Business owners need and often have strong financial acumen and experience in managing budgets, which is crucial for overseeing finances. Their familiarity with revenue generation, cost control, and strategic financial planning can bring valuable insights to any financial management, personal, professional, or private. Additionally, business owners often possess skills in risk assessment and strategic decision-making, which can be beneficial when navigating the financial challenges and uncertainties that many face. Their experience in negotiating and managing financial relationships can also prove valuable when dealing with donors, grants, and other funding sources. A business owner's practical experience in financial management and strategic thinking can contribute significantly and effectively for success. Experiences have honed my abilities: - Treasurer for several non-profits - Chair of fundraising events - Founded and owned 2 successful medical practices - Member of several boards with fiduciary responsibilities - Political Action Committee trustee One should not discredit practical experience either. Never underestimate life experience. #PApracticeowner #AAPA #PAsGoBeyond #PAsforProgress #fiduciary #advocacymatters #AAPAPAC #experiencecounts

🌟 Understanding Audit Requirements for Charities in the UK: A Quick Guide🌟 Navigating the financial responsibilities of running a charity in the UK can be daunting, especially when it comes to audits. Here's a concise breakdown of what you need to know: 🔍 Who Needs an Audit? 1) Charities with an annual income of over £1 million. 2) Charities with an income between £250,000 and £1 million and with assets over £3.2 million. 3) Some smaller charities, depending on their governing document or if a funder requires it. 📘 What's the Difference Between an Audit and Independent Examination? Charities with income under £1 million might not need a full audit but must have their accounts independently examined. The threshold for independent examination is higher for charities that are not companies, up to £250,000, whereas charity companies must have an independent examination if their income is over £25,000 but under £1 million. 📈 Why Is This Important? Audits and independent examinations ensure transparency and trust in the financial activities of your charity. They help identify areas for improvement and ensure compliance with the Charity Commission's regulations. 🛠 How to Prepare? 1) Keep accurate and detailed financial records throughout the year. 2) Understand the specific requirements that apply to your charity. 3) Consider hiring a professional with experience in charity finance to guide you through the process. 💡 Seek Professional Advice Every charity is unique, and specific circumstances might affect your audit requirements. Seeking professional financial advice is always recommended. We at Bowdon Accounting Services are committed to providing you with timely, clear, and strategic accounting support. If you would like to schedule a discovery call to explore this further, you can book a time that suits you via this link: https://zcal.co/i/fSLS0r60   Discover more about how we can support your business by visiting our website at www.bowdonaccounting.com. #CharityFinance #Audit #NonProfitManagement #UKCharities #FinancialCompliance

Nonprofit leaders…is your budget ready for fiscal year end? An effective annual budget sets the tone for success for the coming year. Here are some tips as you prepare for fiscal year end: https://lnkd.in/e9XG9HzG #Nonprofit #Budget #YearEnd

Nonprofit leaders…is your budget ready for fiscal year end? An effective annual budget sets the tone for success for the coming year. Here are some tips as you prepare for fiscal year end: https://lnkd.in/eCC4nJ9a #Nonprofit #Budget #YearEnd

The CFO (Chief Financial Officer) in a nonprofit organization plays a critical role in managing the financial integrity and sustainability of the entity. They are responsible for overseeing financial strategy, budgeting, and reporting. This includes ensuring compliance with financial regulations, optimizing resource allocation, and maintaining transparent accounting practices. The CFO also contributes to strategic planning, collaborating with the board and management to align financial goals with the organization's mission and objectives, and helps in navigating financial challenges and opportunities. #strategicplanning #financialmanagement #nonprofitsuccess #resourceallocation #nonprofitfinance #impactfulnonprofits #sustainablenonprofits #budgetingforchange #nonprofitgrowth #cnrgaccountingadvisory

Super opportunity with leading organization

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗖𝗮𝘀𝗵 𝗩𝘀 𝗔𝗰𝗰𝗿𝘂𝗮𝗹 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴? When you are setting up a business or a charity, it is essential that you organise your accounting methods accordingly. When it comes to financial reporting, there are two methods: cash basis, and accrual basis. But what is the difference between the two, and which one is better for YOU? #charities #law #legal #lawfirm #accounting #business #charity