Financial operations in a non-profit can be overwhelming. Without proper structure, policies, and procedures, a non-profit can face financial mismanagement challenges, false reporting, and, ultimately, financial losses. A comprehensive policy and procedure document not only provides financial operation guidelines but also promotes transparency, accountability, and efficiency.
The template here is designed to address such challenges by providing you with professional structure, outlines, and easy-to-follow steps to create financial operation policies and procedures. It begins with an introduction to the policy and is followed by Financial Governance, Financial Planning and Reporting, Internal Controls and Accounting Policies, Procurement and Expenditure, Payroll and Benefits Administration, Donation Management and Fundraising, Legal Compliance, and Risk Management. Each of these main parts of the templates and further followed by their sub-parts to define in-depth policies and outline procedures to follow.
At the end, the template includes a Policy Review and Modification sheet to keep track of policy changes over time. Once you go through this template, you will be able to adjust its layout, sections, and sub-sections as per your specific needs. The template is available to download in both Word and Google Docs formats.
