Balance Sheet Cheat Sheet - The balance sheet - also called the Statement of Financial Position - serves as a snapshot, providing the most comprehensive picture of an organization's financial situation. It reports on an organization's assets (what is owned) and liabilities (what is owed). Resource from Propel Nonprofits.
Cash Flow Projection Worksheet - Understanding the ebbs and flows of your organization's cash will help you make smart management decisions that protect your core programs and overall sustainability. Managing cash flow requires three steps: planning the use of cash, anticipating any problems, and responding with appropriate management actions. Resource from Propel Nonprofits.
Managing Cash Flow Resource Article - While standard nonprofit financial reports - the Budget, the Income Statement and the Balance Sheet - provide important management information, these statements alone do not tell whether there is enough cash on hand to pay for the unexpected heating repair, to take on a new program opportunity, or even cover payroll next month. For this, effective cash flow management is essential. This resource will help your nonprofit manage your cash flow by explaining why, when and how. Resource from Propel Nonprofits.
Can You Afford to Pay Back Wages? - Article by Sarah Sheila Birnbach makes clear the back wages requirements under the Fair Labor Standards Act (FLSA), other federal statutes, and analogous laws at the state level.