Do Your Nonprofit's Operations Protect Its Cash Effectively?

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With sources of revenue declining and costs increasing, it is important for nonprofits to have effective financial procedures in place to safeguard the organization’s cash. Documenting and assessing your finance operations formally can identify issues your organization is experiencing and those that have not yet been detected.

To protect the organization’s cash, financial procedures should include:

• Efficient, streamlined workflow
• Effective internal controls
• Timely monitoring and reconciling bank account activity
• Safeguarding physical cash 

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