How to Budget - Chazin скачать в хорошем качестве

How to Budget - Chazin

Budgeting doesn't have to be dreadful! In this video, we walk you through the complete nonprofit budgeting process step-by-step, from reframing your mindset to getting board approval. Learn how to create a budget that actually helps your organization thrive. TIMESTAMPS: 0:00 - Introduction 0:12 - Reframing Your Budgeting Mindset 0:52 - Why Budgeting Saves You Time [middle sections] 9:11 - Reviewing the Complete Budget: Surplus, Deficit, or Break Even? 9:40 - Myth Busted: Nonprofits CAN (and Should) Make a Profit 10:18 - The Budget Review Process: ED to Finance Committee to Board 11:21 - Finance Committee Deep Dive 11:45 - Full Board Approval 12:13 - Putting Your Budget Into Accounting Software 12:28 - Monthly Budget Variance Reports 12:49 - Presenting to the Board & Course Correction 13:28 - What's Next in Part 4 WHAT YOU'LL LEARN: How to reframe budgeting from restrictive to empowering The complete step-by-step budgeting process for nonprofits Why you should ALWAYS budget for a surplus (not break even or deficit) How to work with budget managers on multiple drafts The approval chain: Budget Manager → Finance Person → ED → Finance Committee → Full Board Why putting your budget in accounting software is crucial How to use budget variance reports for monthly monitoring What to do when you have large variances (positive or negative) KEY BUDGETING TIPS: ✅ Allocate dollars to planned activities upfront ✅ Expect 4-5 drafts before finalizing ✅ Always budget for a surplus to build reserves ✅ If you budget a deficit, you'll likely end up with a bigger deficit ✅ ED must be intimately familiar with the final budget ✅ Produce monthly budget vs. actual reports ✅ Have a course correction plan for large variances 🔔 SUBSCRIBE for Parts 4-5 of our Not-for-Profit Financial Statements series! 👉 NEXT VIDEO: Part 4 - Statement of Activities (Income Statement/P&L) PREVIOUS VIDEO: Part 2 - Fiduciary Responsibility ABOUT THIS SERIES: This is Part 3 of our 5-part series on Not-for-Profit Financial Statements with Jackie McLaughlin from Chazin. NEED HELP? Chazin provides outsourced accounting services for nonprofit organizations. 🌐 Website: https://hubs.la/Q03YDG7W0 #NonprofitBudgeting #BudgetingProcess #NonprofitFinance #HowToBudget #FinanceCommittee #BoardApproval #BudgetVariance #NonprofitManagement #ExecutiveDirector #501c3 #NonprofitAccounting #StrategicPlanning