My Communities

@Jason said in Introduce yourself to the community! -Financial Management:

Hi everyone,

Welcome to the Financial Management community of practice! My name is Jason and I’m a community manager here at Philanthropy University.

Please use this topic to introduce yourselves to everyone else in the community. What is your name? Where do you live? Where do you work? What is your role? Why did you choose to join this community?

Hello everyone , My Name is Binod Shah, working as a capacity of program officer ( Financial Management and Administration) at at Government Organisation. Key interest in Budget, Financial Management , Accounting, Audit and Taxation . I believe good governance and system approach working at organisation.

Working capital is the liquid funds that would help to run business/organization/manufacturing Unit etc. This is the water for the plant (Business) that will be making a big tree size profit if all business arrangements are going in a good form. A business stands on two types of capital Fixed & working capital. Fixed capital is just like a seed that's spend only for one time but working capital is the water that helps to grow business and this WC needed for any business from time to time.

Click on this link to join my whatsapp group https://chat.whatsapp.com/KRlcjbEzhJuJiEA5q3S49Q. Or chart me up 08140348570

I may say in my own knowledge that always work on budget and consider saving more than spend thank you

@Vivianbima said in Meaning of Financial Management:

Financial Management means

Financial management means the planning, budgeting, allocating, monitoring, organizing and controlling of the resource and use of fund of an organization.

@unia said in Share your best practices!:

Financial projections in the business plan:

Be clear about what drives the business.

To have facts backing up our assumption.

Be optimistic, but also realistic

Pay attention to investors' goals and interest.

Choose the right level of detail.

Make projections for 3 to 5 years.

Cash plan on a monthly basis.

This is awesome @Unia ! Thanks for sharing these. Are there any tools that your organizations use to help with these points that you can recommend, such as the multi-year projections or general accounting?