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As a nonprofit finance leader, you are constantly aware of the many different pulls on your funding availability. The best way to manage those differing priorities is through budget management tools that give you a clear view of each program, instead of trying to pull apart the organizationalbudget.
With our digital school bells ringing, it's time to attend a masterclass in nonprofit finance. OrganizationalBudget : A detailed outline of how a nonprofit plans to earn and spend money over a certain period. Restricted Funds : Donations or grants to be used for specific purposes as the donor or grantor dictates.
Yet a budget is a critical tool in managing your organization. A nonprofit budget can bring so many positives: Finances are much easier to manage because you know what expenses and revenue to expect. Success is easier to measure because you can compare your actual numbers to your budgeted numbers to see how you’re doing.
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