Nonprofits Need to Keep an Eye on Their Budgets, Too

Nonprofits Need to Keep an Eye on Their Budgets, Too


They’re not trying to rack up big surpluses, but nonprofit organizations are still businesses—and that means they’ve got to pay strict attention to their budgets. Perhaps most important is the cash budget, says Corrine Hasbany, an accounting and finance instructor who has served as a corporate controller and a nonprofit treasurer. Why is that? Because even for nonprofits, “cash is king.”
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