No one wants to imagine a financial failure inside their organization. But the absence of good financial controls is precisely what makes those painful stories possible, and it often hurts the most faithful people first.
Strong internal controls are an act of care. They protect your staff and volunteers from suspicion, protect your donors’ trust, and protect the mission itself.
A few essentials
You don’t need a corporate finance department to be responsible. A handful of practices go a long way.
- Separate the people who handle money from the people who record it.
- Require two sets of eyes on counting and on large payments.
- Reconcile every account every month, without exception.
- Review financials with leadership on a consistent schedule.
We help our clients steward the funds they are entrusted with by helping implement internal controls keeping the organization’s team, volunteers, and donors safe.