What do I need to know about being treasurer of a nonprofit?
June 3, 2008 6:05 PM Subscribe
I've been elected treasurer of a small nonprofit. I'd like some advice about best practices for creating a budget and tracking our finances, and also about other responsibilities I should be aware of.
posted by croutonsupafreak to Work & Money (7 answers total) 12 users marked this as a favorite
I guess I'm looking for advice on how to track money. I'd also like to know if there's more to being a treasurer than managing the books.
Are there Excel templates out there I can use? What one book I should read to better understand budgeting for an organization? What else I should know about the duties of a treasurer?
The group has about $25,000 in the bank, and its assets tick up by a few thousand dollars each year. Every year the group runs one big fundraiser, and spends most of the money collected on training events. We have no paid staff.
Previous volunteer treasurers have had no experience in this sort of thing, just like me. I'd like to at least take a stab at assembling a respectable budget for us to follow, and at getting our books in some kind of order for the first time.
I'm good at budgeting my own cash, but this is above my experience level. Advice?