Finance 101 Series (February – May)
March 19 at 9:00 AM - 11:00 AM | $20.00
Join Sinéad King, Principal at Handle-It, a Jackson based accounting and tech firm, for a stripped-down, deep dive into the nuts and bolts of nonprofit financial tools and practices. Each session is two hours long, and will offer you practical tools you can use in your day-to-day work. You’re welcome to pop in for one session or join us for the whole series! Topics covered over the winter and spring include:
#1 – Creating and Reading Budgets
February 5, 9:00 am-11:00am @ The Community Foundation | Cost: $20
During this class we will discuss what a budget is and why it’s important. You will learn how to present it to your team to engender co-operation and enthusiasm (hopefully) for the process. You will be provided with a template to take away and manipulate for your organization and find out what to do with your budget once it’s completed.
#2 – Reading Financial Reports
March 19, 9:00 am-11:00 am @ The Community Foundation | Cost: $20
Participants will learn about a variety of financial reports and what they are supposed to tell you. Participants will learn how to evaluate the information provided therein and spot potential warning signs for an organization. There will also be a review of the interaction between financial reports.
#3 – Archiving
March 20, 9:00 am-11:00 am @ The Community Foundation | Cost: $20
What it is and why we do it. Participants will learn the requirements for retaining documentation based on federal requirements and determine organizations’ individual needs for archiving and how to store the information so it can be easily accessed when required.
#4 – Audits – Financial and Technological
April 8, 9:00 am-11:00 am @ The Community Foundation | Cost: $20
What is an audit and why the audit possibility should always be in the back of your mind. You will learn the questions to ask yourself and the mindset to have when assessing systems and procedures – both operational and technical in your organization to minimize exposure to everything from theft to hacking.
#5 – Cash Flow Management
May 8, 9:00 am-11:00 am @ The Community Foundation | Cost: $20
What does this mean for your organization? How to gather the information to populate the cashflow template you will receive. How budgets and cashflows interact with each other and what information you need to accurately predict your cashflow. Just because there is money in the bank doesn’t necessarily mean you have your cashflow handled.