But for the rest of your team, or for certain donors or grant applications, you can also download and share your plan as a Word doc or a PDF.Putting together your annual budget can be tedious and time-consuming.Reviewing lengthy, printed budgets full of individual items in tiny text can be a distraction during meetings.
But for the rest of your team, or for certain donors or grant applications, you can also download and share your plan as a Word doc or a PDF.Putting together your annual budget can be tedious and time-consuming.Reviewing lengthy, printed budgets full of individual items in tiny text can be a distraction during meetings.Tags: Solving Statistical Problems OnlineThesis Computer Vision SyndromeHow Do You Teach Critical ThinkingObama Mccain EssayDo Correct Heading EssayApa Papers Research Papers
What looks like being 30 percent over budget on office supplies could indicate something as basic as needing to purchase a new computer monitor a few months prior to when it was officially budgeted. Putting this level of minutiae in front of your board can be confusing and distracting from real challenges that you need your board to help you address.
But you still need to communicate with them about your financials.
If you can see how things are shaking out financially, you can easily and quickly make adjustments as you go.
This type of data is critical to nonprofits since the percentage of an organization’s money that actually goes to its programs and services is public knowledge through your form 990 filing—manage your reputation and your agency’s focus before it’s time to file.
When you want your nonprofit to match your vision, business plans are key to making that a reality.
Creating a business plan helps bring your ideas to life and communicates to key stakeholders how you intend to run the organization.
For instance, if your organization has a surplus of funds because you didn’t spend some of the money you budgeted for a particular initiative, it might be appropriate to funnel it back into program costs and administration.
Likewise, you can use the Live Plan business Dashboard to help you quickly identify shortfalls well before they balloon into a budget crisis.
In summary, Live Plan can help you streamline your strategic planning and financial management.
It makes it easier to provide your board of trustees and other supporters with the right level of transparency and easy to read and understand financial documents.