Establishing a budget is critical to the success of any nonprofit. But, often, the budgeting process can be confusing, inefficient, and even ineffective for many nonprofit organizations.
In this Donorbox nonprofit webinar, we’ll partner with our friends from @JitasaNumbersForGood to share several nonprofit budgeting best practices that will enable you to build a budget that serves as a valuable tool in guiding your organization to success.
We will walk you through different budgeting methodologies, the key areas of risk in the budgeting process, and how to break down your budget into actionable goals, as well as the importance of creating ongoing forecasts to ensure these strategic goals are within reach. Wrapping up, we’ll teach you how to automate the budgeting and forecasting cycles to unlock rapid decision-making capability for your organization.
Key Chapters:
00:00 Introduction
04:35 What is a nonprofit budget and forecast?
08:09 Nonprofit budget do’s and don’ts
10:12 Realistic assumptions for Nonprofit budgeting
11:55 Three types of methodologies for nonprofit budgeting
15:30 Nonprofit expenses and budgeting strategies
20:23 Setting nonprofit budget goals
22:41 How to start with your Nonprofit budgeting process
25:11 How to plan around Nonprofit expenses and fundraising impact
26:33 Documenting budgeting needs
30:05 How to plan on Nonprofit revenue goals
36:26 How to approve and implement your nonprofit budget
37:38 Nonprofit forecasting cycle and frequency
43:10 Monitoring your nonprofit budget and forecast
46:15 How to bring efficiency in budgeting and forecasting
52:20 Q&A
1:05:05 Wrap-Up
What will be covered?
⭐A step-by-step process to building your budget for success
⭐Understanding the difference between budgeting and forecasting - and why your organization needs both
⭐Utilizing technology to speed up the budgeting and forecasting cycle.
➡️Learn More about Jitasa's services: [ Ссылка ]
Interested in learning more about nonprofit accounting? Check out these free Jitasa resources:
➡️Nonprofit Financial Ratios: [ Ссылка ]
➡️Nonprofit Courses: [ Ссылка ]
➡️Nonprofit Accounting Templates: [ Ссылка ]
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