Key Financial Procedures

It is good practice to write down your key financial procedures so everyone is clear on what needs to be done, by whom and by when.

Consider creating the following financial procedures:

• Purchasing
• Authorising payments
• Writing and signing cheques
• Handling of cash
• Salaries and payroll
• Managing Income
• Bank accounts
• Budget setting
• Financial monitoring and audit
• Financial strategy

Click here to get advice on how to write a financial procedure from NCVO.
Click here to find out more about financial procedures from Volunteer Now.