Developing and managing budgets can be a challenging task for NGOs
whenever they need to plan a project, write a proposal and implement an
activity. Efficient financial management is essential for the growth of
any organization.
Besides, if you have well-managed and transparent financial system, it
also enables donor agencies to gain confidence in your NGO and offer to
support
to it. However, setting up an efficient financial management system
requires a sound understanding of financial practices and principles.
Here we are providing a basic guide for
NGOs so that they can improve their capacity in developing and managing
budgets for their organization and project and contribute towards an
overall effective financial system.
Source: fundsforngos