Financial Management
For general information on healthy financial practices, see the United Way of Canada's - Centraide Canada Board Basics Kit Manual at: www.boarddevelopment.org/display_document.cfm?document_id=37
This guide includes extensive information about the financial management process of a non-profit organization. It includes guidelines on:
- Developing financial controls and procedures
- Establishing and monitoring a financial record keeping system
- Ensuring financial reporting systems are in place
- Monitoring revenue and expenditures of the organization
Consider putting all your financial policies, procedures, reporting mechanisms and resources together in a Financial Manual. Specifically, the manual puts together regulations, general guidelines and operating procedures that outline the accounting system, finance functions and authorizations for your organization.
You can find an excellent financial manual at: http://www.boarddevelopment.org/display_document.cfm?document_id=61
Financial Management Checklist
Treasurer's Calendar of Events
Also consider producing a Calendar of Financial Events so that all board members have clear expectations of which financial activities are due when. - Source: Cowperthwaite Mehta Chartered Accountants