Managing the money

The important financial questions – and the resources that will help you


Networklearning does not focus too much on finance skills for NGOs because there is another NGO which is very capable – namely, Mango (www.mango.org.uk) – which uses qualified and experienced accountants, produces materials and runs courses in the South.

But we do like to emphasise the importance of finances. NGOs need to:

  1. plan and train,

  2. find money for current and future projects, and

  3. use accurate and transparent accounting.

Ask yourselves the following Questions:

  • Does your NGO have an overall plan for financial management – managing the money being one part?

  • Is there a strategy for fundraising, advocacy and networking?

  • Have you considered the strategy of finding many small contributors within the community?

  • Does the NGO have good skills in transparent budgeting and accounting?

Resources

We strongly recommend that you register for Mango’s Financial health check, which helps you see how healthy the financial management is in your NGO. Available in English, French, Spanish, Arabic, Russian, Sinhala, Tamil and Bahasa Indonesia.

Then get their “Guide to Financial Management for NGOs” available in English, French, Spanish (Latin American), Russian and Arabic.

Mango also offer a simple accounting system based on Excel. This gives you tools and a link to an experienced group who also offer opportunities for training.

Other Resources:

» See our sectionMoney Skills: Library manuals

» CIVICUS (www.civicus.org), an international development group, have a number of toolkits including one on Fundraising and Financial Management (direct link to Word .doc).

NGO SKILLS

Our NGO SKILLS section gives some essential information and recommended links to more

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