Increase control and oversight on your accounting projects
A guide for finance professionals in the Not For Profit sector looking to understand the principles of project-based accounting and the benefits for NFP finance teams – a must-read to increase control and oversight on your projects.
This guide will analyse the following key points:
The Not For Profit (NFP) sector is all about people who care intensely about what they do. They dedicate themselves to their cause and will often go beyond the call of duty to see it succeed – even if they don’t have the right tools to do so. Efficiently managing the organisation’s projects and their costs can be particularly difficult.
This guide focuses on key areas that help to create a more productive, cohesive and efficient organisation:
- Information delivery, reporting to stakeholders and understanding the true costs
- Project qualities – projects have very different needs from the accounts function which need to be taken into consideration
- Types of projects – processes needed around staff and volunteer utilisation and the risks of underspending
- Projects and finance touch points – how technology provides incredible scope to make not only the project team but the whole organisation much more efficient
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