Mark each statement as true, somewhat true or not true for your organization today. Each answer scores 0, 1 or 2, for a maximum of 20 points.
1. Each month, we compare actual income and spending with an annual budget.
2. We keep a cash forecast that covers the next 13 weeks and update it every week.
3. Our reports show unrestricted cash on its own line, apart from total cash.
4. Our board has approved a written policy for operating reserves.
5. Before each meeting, board members receive one page of financial figures.
6. For every grant, we record its restrictions, its performance period and how much is left to spend.
7. Our largest funder provides 30% of revenue or less.
8. We use approval limits, split duties between staff, and report controls to the board.
9. We know the full cost of each program and which programs other income supports.
10. Our finance role (bookkeeper, controller or CFO) fits the organization’s size and its number of funding sources.
Where to next
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What happens next
Reading about it and having it done are different things. Here is exactly what happens if you want the second one.
- The call takes thirty minutesYou describe the business and where the numbers are letting you down. We give you an expert view of your situation, and what we would start with. There is no pitch deck.
- We look at the fileYou give us read access to the books as they are. We come back with what is wrong, what it will take to fix, and whether the answer is bookkeeping, controller work, or something else.
- We send a written scope and a priceIt lists what we do each month, what you get, the date it lands and the fee. We agree it before anything starts, and it does not change unless you agree.
- We take over the books and close the first monthWe set up access and systems and enter the opening balances. The first close lands on the date in the scope, and every one after it does too.