CASH MANAGEMENT

Cash Management Techniques



Cash Management Techniques

Introduction

Cash management is the area of financial management which is extremely significant for not-for-profit organizations. The organization must pay close attention to whether it has enough cash reserves to continue to provide services to its clientele. In fact, an increase in demand for a not-for-profit's services can lead to a management crisis. It is difficult to forecast contribution revenue in a reliable manner from year to year (Zietlow & Seider, 2007).

Discussion

Most accountants would agree true 100% cash accounting does not actually exist. Nearly all cash basis accounting has some element of accrual in ...