Business Issues -> Costs
Published: July 2011
Not for profit (NFP) organisations have a core responsibility to ensure that as much of their income is spent on the target of their organisation. As such, salaries and other direct costs have to be controlled and reported through to donors. One area that is open to abuse - and as such could put off donors and bring grants into question if not handled well - is expenses.
NFPs need to be able to track all expenses, whether incurred by a paid employee or by a volunteer, and also need to be able to rapidly deal with requests for repayment of expense. All expenses need to be easily reported, not only internally to the NFP, but also to any bodies reponsible for overseeing the NFP and to all its donors.
This report looks at how this can be best done without the need for complex and expensive internal systems.
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Published by: electronicdawn Ltd.