ONE of the main question asked by funding agency before approving any budget is what is your NGO Traveling Policy? In NGO Traveling Expenditure is one of the major component of total budget, whether traveling for Project Implementation, Advocacy, Training, Monitoring, and thus there must be particular NGO traveling policy for the organization. IN this […]
Every organization, whether small NGO or big NGO, must have their own NGO Travel Policy. You have to keep in mind certain points while framing good NGO travel policy for your organization. One of the main point is that, a Traveling Policy should not be rigid. In NGO, modes of traveling, purpose of traveling, areas […]
Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim. Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, […]
Advance Requisition Form is one of the important document which is very useful for Internal Control System. However there are many misunderstanding prevailing. Let us today, discuss five main myths regarding Advance Requisition Form in NGO. Myths about Advance Requisition Form 1. Advance Requisition Form has to be prepared on Monthly Generally, Advance Requisition […]
What is Advance Requisition Form? In NGO world, most of expenditures are generally spent by field workers to complete projects of NGO. And thus Project Advance is playing major role in accounting of NGO. This is the area where it needed more Internal Control and Check. One of the handy tool is Advance Requisition Form. […]
Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim. Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, […]
CHANGE BOARD MEMBERS MORE THAN 50% UNDER FCRA After taking FCRA registration, NGO has to take prior permission before making any change Board Members in excess of 50%. This condition is mentioned in the “Undertaking” given by the applicant at the time of making Application for Registration or for Prior Permission. Details are provided below […]
Importance of NGO Budget Now a days, preparing NGO budget requires three dimension knowledge of Financial, Project and Activities and Presentation skills. NGO budget can not be prepared by each and every one. Today, Let us discuss some of the myths regarding NGO Budget.It becomes practice and tradition year after year. But facts are different […]
Donation in Cash Can an NGO collect donation in cash? yes. NGO can collect donation in cash. However it is advisable to take donation by cheque and make the system transparent. Income Tax Act and Cash Donation From 1/04/2013, the donor will not get any tax benefit for donation in excess of Rs. 10000 unless […]
New Financial Year has just started, and everyone is busy in closing books of accounts of last year. Sometimes, the closing of financial year is done in the month of June or July. If Accounts and Finance running from one financial year to another as it is, without change, sooner or later, it will become […]
