Steps to be taken while applying for Grants

When we apply for grants we need to ensure that all that is required by donor agencies are adhered to and all the supporting documents are attached to. a) Some donor agencies may have a specified time period for applying for funds and others may have flexible time period. Here are some of the steps … Read more

Bank Reconciliation Statement – BRS

Bank Reconciliation is very important for organisations.    It gives an up-to-date picture of the Bank balances and whether that tallies with your books of accounts. Bank Reconciliation: We need to update organisation’s Bank Passbooks’ from time to time. At times there may be less transactions or no transactions and we tend to feel that … Read more

How to Prepare a Budget – 2

How to prepare a budget III. Administration: This is one area which needs careful financial planning. Many times, in spite of proper planning the administrative costs go up because of various reasons which may be beyond organizations control. As an example, when we prepare the budget we may put the office rent as the amount … Read more

Risk Management – 3

Capacity Building: a) Identify and work with selected NGOs through intervention partners to uild real capacity that goes beyond project deadlines. b) Ensure preparedness and code of conduct,of Internal systems c) Ensure indicators are menaingful and responsible a) Direct implementaton model b) Restricted prorammes c) Good HR Management d) Deepknowledge of staff and suroundings e) … Read more

Risk Management – 2

Though the likely risks are prioritised at the beginning of the project, while the project is implemented we may come across more risks which also needs to be listed and mitigative actions needs to be identified and closely monitored. In case of NGOs though there may be systems in place to check fraud and accountability, … Read more

Risk Management

Now a days we find most of the organisations give priority to ensure internal control mechanisms are in place and are monitored regularly. However, here we will take up the risk management aspect separately. Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) … Read more