In the latest technical leaflet from History News, Klingler and Roberts tackle the tricky issue of budgets: how to make them, how to use them, and how they can help you evaluate your organization and goals.
Your budget is one of the most important steps in making your plans for the future a reality. It’s your plan in numbers. Budgeting and financial planning can help you understand how well your institution is using its resources to meet your mission,
With smart tips and accessible examples, the authors describe how “you can use information about the past (the money you’ve earned and spent) to tell the story of the present (financial reports for board meetings) and to create a strong future (in a budget that shows how you’ll make your plans a reality).”
Topics covered include:
- Basing your budget on good information
- Ensuring transparency so you can track your progress over time
- Estimating costs when there are no “actuals”
- Evaluating accounting software
Stay tuned for more the flip side of the process, financial reporting, in Technical Leaflet #269!