The Nonprofit Podcast Ep 124| 3 Financial Foundations for Success: Reporting, Accounting, Budgeting
Struggling with nonprofit finances?
Brittan and Germeen Guillaume, CEO of Visionary Accounting Group, discuss how to achieve financial transparency and build donor trust.
Germeen shares actionable steps to best practices in 3 foundational areas, with Pro-Tips to maximize impact:
- Cloud Accounting: Migrate to streamline processes and improve financial management.
- Monthly Close: Implement timely processes to stay on top of finances.
- Financial Reviews: Conduct regular reviews with the board for accuracy and oversight.
And explores the benefits of:
- Financial Transparency: Crucial for building donor trust and ensuring funds are used as intended.
- Hiring Right: Invest in bookkeepers with nonprofit experience and the right expertise.
- Training & Investment: Leaders should invest in the right people, training, and systems for growth.
Join us for practical advice to take your nonprofit’s financial management to the next level.
Subscribe for more insights, and please leave a review and share this episode to help other nonprofits thrive!
Follow Germeen Guillaume:
- Instagram: Germeen G. | Nonprofit Accounting (@thevisionaryaccountant)
- LinkedIn: Germeen Guillaume https://www.linkedin.com/in/germeen-guillaume-b764b458/
- YouTube: Germeen G - YouTube
- Facebook: https://www.facebook.com/thevisionaryaccountant
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