Apr
24
2014
Finance management: top tips
3 B's and 3 C's
Balance sheets are as important as income and expenditure when judging the health of an organisation.
Build your budget carefully, monitor actual income and expenditure at least monthly and hold managers to account for their budgets.
Keep your books carefully. Accurate financial records are an important protection against fraud and carelessness.
Always calculate the break-even price before costing goods and services
If you are a small organisation, prepare careful cash flow forecasts and monitor cash flow frequently.
When costing projects remember to build in management and administration costs.
Want more? The Centre offers two finance courses - Finance skills for non financial managers and Budgeting for non financial managers. Click on the course names for a full course outline and future training dates.
