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Budgeting, Forecasting, and Reporting: A Plan for Financial Success
June 23, 2022 @ 10:00 am – 11:00 am
Is your nonprofit’s budgeting process confusing, inefficient, and often ineffective? Do you have the financial reports needed to manage and guide your organization?
This webinar presents best practices to ensure that your budget becomes a valuable tool that guides your organization to success. We will share different budgeting methodologies, identify key areas of risk in the budgeting process, and discuss how to break down your budget into actionable goals. We will also walk through the importance of creating ongoing forecasts to ensure your strategic goals are within reach. And we’ll teach you how to automate both the budgeting and forecasting cycle to provide your organization with rapid decision-making capabilities.
Join us to learn how to:
-Identify the different types of budgeting methodologies and which ones are the most effective
-Build your budget for success
-Understand the difference between budgeting and forecasting and why your organization needs both
-Review and understand the budget vs. actuals and the importance of this report
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