Operations and Management

The Audit Preparation Template is a valuable tool designed to help your nonprofit organization get ready for an audit. This template ensures that your financial practices are clear, accurate, and compliant with relevant regulations and standards. By using this guide, you can systematically...

The Income Recognition Policy is essential for ensuring that your organization accurately tracks its income. This policy ensures that all revenue is recorded transparently and consistently, in compliance with accepted accounting principles and standards. The Income Recognition Policy provides a...

The Investment Policy is a vital document that helps your organization manage its reserve or endowment funds wisely. This policy is designed to ensure that the organization's investments are made prudently, aiming to achieve good returns while staying true to the organization’s mission and...

The Reserves Policy is a crucial document that helps your organization set aside, manage, and use financial reserves to maintain financial stability. These reserves act like a savings account, providing a safety net to protect the organization against unexpected financial problems, such as...

The Financial Reporting Policy is designed to help your organization create and share important financial reports. These reports include balance sheets, income statements, cash flow statements, and budget comparisons. By following this policy, your organization ensures that everyone understands...

The Expense Authorization Policy is an important document for your organization, designed to manage expenses effectively by clearly defining who has the authority to approve spending and how expenses should be reported. This policy plays a crucial role in ensuring transparency, accurate...

The Audit Policy is a crucial framework for your nonprofit organization, designed to facilitate thorough and systematic audits of both financial and operational aspects. This policy ensures that your organization adheres to all relevant laws and regulations, produces accurate and reliable...

The Gift Acceptance Policy is an essential tool for your organization to determine which gifts it should accept and the proper procedures for handling them. This policy ensures that all contributions align with your mission, values, and ethical standards, while also safeguarding your...

This policy ensures that all purchases are made in a fair, ethical, and transparent way. It sets clear rules for selecting vendors, making purchases, and managing contracts, with a focus on quality, cost, and legal compliance. The policy also promotes equality and diversity in vendor selection...

The Budgeting Policy explains how your organization should handle budgeting to stay financially healthy and achieve its goals. It guides you through every step of the budgeting process: preparing, reviewing, approving, and making changes. It also clearly defines who is responsible for different...