Keeping Your Finances Clear and Confident 

No matter how big or small your group is, being financially accountable helps build trust — with your members, your funders, and your community. It also protects your organisation from risk and shows you’re serious about making a difference. 

Why Financial Processes Matter 

Putting strong financial systems in place means: 

  • Every transaction is properly recorded 

  • Payments are authorised and traceable 

  • Records are easy to access and understand 

  • Nothing goes missing or unnoticed 

It’s not just about ticking boxes — it’s about showing you’re responsible, organised, and ready to grow. 

Best Practices for Financial Management 

Whether you’re just starting out or already established, these steps can help: 

  • Keep accurate, up-to-date records of all income and spending 

  • Make sure roles and responsibilities are clearly defined 

  • Use dual authorisation for payments whenever possible 

  • Regularly check financial reports and bank statements 

  • Store financial documents securely — but make sure they’re easy to find when needed 

 

By putting these measures in place, you’ll show funders and supporters that your group is well-managed, trustworthy, and ready to make a lasting impact. 

But wait - there's more!

How to Set up a Bank Account

Financing your Project