Monday, November 1st, 2021
4:00pm – 6:00pm
Presenter: Ean Price Murphy of Moxie Bookkeeping
Via Zoom
Attendees will receive Zoom log in information upon payment and registration
Cost: Members – $45 per person
Not-yet-Members – $60 per person
If you serve on a board but tune out in meetings when the budget or financial topics arise, this workshop is for you. In this training, we will cover what the role of the board is in the financial health of an organization, what makes nonprofit accounting unique, how to structure the financial reports so that they are useful (and how to use the information) as well as best practices for good internal controls. We will define terminology but won’t be using jargon!
YOU WILL LEARN:
- Account types and what they mean
- How do we make a budget?
- What is the difference between Cash and Accrual accounting
- Best practices for separation of duties and checks & balances
- What are the questions you should be asking as a board member
- What reports to ask for from the bookkeeper and how to read them (questions like: “what is our overhead” and “how much do we have left to spend in this program or how much do we need” and “when will we run out of money?”
- How to read an income statement and balance sheet (and what parts to really pay attention to)
- What to do if the reports don’t make sense to anyone on the board
To learn more about our presenter, Ean Price Murphy, click HERE
Check out Part THREE in the series: FUNDRAISING STRATEGIES FOR ADVANCING YOUR ORGANIZATION TO THE NEXT LEVEL
Suggested Participants: Board Members looking to strengthen their effectiveness and knowledge of nonprofit finance – Executive Directors & Finance Staff welcome
Date and Time: Monday, November 1st, 4:00pm – 6:00pm
Cost: Members – Each session is $45 per person
Not-yet-Members – Each session is $60 per person