LSRB Consulting LLC

1. Budgeting and Forecasting
2. Cash and Investment Management
3. Accounting Operations
4. Reporting and Analysis
5. Compliance

Each dimension is dependent upon the other and requires focus and skill to set up and manage effectively.  Following is a list of resources and tools that can help you be better at managing each dimension of financial management. 

Must Read Books:

• Zone of Insolvency – How Nonprofits Avoid Hidden Liabilities and Build Financial Strength by Ron Mattocks.
• Bookkeeping Basics – What Every Nonprofit Bookkeeper Needs to Know by Debra L. Ruegg and Lisa M. Venkatrathnam.
• Fraud and Abuse in Nonprofit Organizations – A Guide to Prevention and Detection by Gerard M. Zack. 

Books to Reference before you hire a Consultant:

• The Cash Flow Management Book for Nonprofits – A Step-by-Step Guide for Managers, Consultants, and Boards by Murray Dropkin and Allyson Hayden. 
• The Budget-Building Book for Nonprofits – A Step-by-Step Guide for Managers and Boards by Murray Dropkin, Jim Halpin, and Bill La Touche.
• Managing Risk in Nonprofit Organizations – A Comprehensive Guide by Melanie L. Herman,  George L. Head, Peggy M. Jackson, and Toni E. Fogarty.
• Running Quickbooks in Nonprofits by Ivens, Kathy.
• The Nonprofit Policy Sampler by Barbara Lawrence and Outi Flynn.
• Model Policies and Procedures for Not-for-Profit Organizations Edward J. McMillann. 

Useful Web Sites

• Board Source - offers books and other tools to improve nonprofit governance and financial oversight.
• Foundation Center - offers training, books, and other resources for grantseekers.
• Tech Soup - offers free or low cost software for nonprofits.
  Gifts in Kind - gain access to millions of $ inkind support.