Happy Sunday! Welcome back to SUNDAYS & BUSINESS. Join us as we feature Yitzchok Glancz Founder and CEO at Donor Fuse as he shares his insights on the 3 Important Elements in Nonprofit Financials.
Create systems.
A system to manage donations, pledges, expenses, and all the finances is essential for informed financial and fundraising decision-making and clarity in your nonprofits.
Collect what you've fundraised, promptly.
Do you ensure you collect all your donations? Following up on pledges is important for nonprofits; it ensures that every donation is collected; just like in sales, you need to follow up promptly on all the pledges.
Have clear reports.
Creating clear campaign reports is important; it provides a clear overview of every dollar spent and generated. Such reports will help you track progress, identify areas of improvement, and help you create better future fundraising strategies.
We hope you found this week’s episode insightful and helpful.
Stay tuned for more exciting guests featured on SUNDAYS & BUSINESS and their expert advice on various professions and industries.
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Have a successful week ahead!
