Financial Management Role for NGOs

The main purpose of NGOs is to carry out public activities and not financial management - this an idea that one may have often heard. However, as long the NGO's finances funds are unorganized, will be able achieve their goals with maximum effectiveness. For NGOs, key importance planning determined by achievement organizational goals. They work on communities, suffer from a lack staff, role assigned employee who does education puts successful operation organization at high risk. With limited funding, rational planned cash important for organization. condition any type determines its future long-term stability. Accordingly, should opt sustainable use finance. This means spend today considering expenses. Therefore, it develop plans further implementation in order maintain sustainability. Most rely external funding therefore having proper system quite important. NGO accountable donors those support An sound track own expenses, plan submit timely statements donor upon request, which help strengthen organization's trust support. All guided pre-defined policies procedures based overall Each decision made competent authority aimed objectives. Without organizing finances, difficult both individual whole set goal. We cannot ignore fact some characterized illegal such excessive resources, fraud, theft, etc. full planning, coordination control, issues mentioned above can easily addressed. Through management, make effective decisions resource allocation, fundraising mobilization. Financial skills approaches changed time time. improve profile, enhances trust. well-defined policy frameworks, also gain good reputation community. operate funds, well-organized facilitates fundraising. Information available turn, makes possible determine exact amount money needs accumulated.