Financial management involves – but is not limited to – preparing budgets, ensuring smooth cash flow, managing funds effectively and analysing income streams to ensure the financial sustainability of an organisation. Sound financial management and administration is the heart that pumps blood and oxygen throughout the organisational body, helping it to deliver on projects and programmes.
In this section you’ll find different approaches and methods for effective financial sustainability; ideas, tips, and tools for ensuring you have the necessary financial management systems in place; and strategies for communicating with stakeholders regarding your financial sustainability.
Soraya Joonas, Finance Director at Inyathelo: The South African Institute for Advancement writes on the 5 elements that will contribute to ensuring a healthy and robust financial management system for your non-profit organisation.
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Soraya Joonas (Inyathelo:The South African Institute for Advancement), writes on 5 more elements that will contribute to ensuring a healthy and robust financial management system for your non-profit organisation.
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There are around 230 000 registered not for profit organisation (NPOs) in South Africa, and the numbers are growing rapidly. This is driven by several factors including a desire to provide social services to under-resourced...
Read MoreThe harsh realities of the pandemic have not only resulted in a global economic slowdown and seen many businesses struggle but it has become clear that this is not a short term crisis. The outlook for future funding seems bleak...
Read MoreAccording to NPO Inyathelo, many non-profit organisations (NPOs) have been so busy dealing with immediate humanitarian needs during the Covid-19 pandemic, that they could – understandably – lose sight of some of the...
Read MoreTaking a fresh look at NPO finance means developing a common language so that NPOs understand how to communicate true costs and, accordingly, align funding to support what is truly needed.
Read MoreDan Pallotta debunked the overhead myth in his groundbreaking TED talk in 2013. Unfortunately, years later, it persists. It will take creativity and a concerted, continued effort to bring the persistent overhead myth to an end.
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Do you have a budget for your social media work? Read more about the correlation between NPOs that have budget for social media and the impact it has on the success for each of their social media objectives.
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