Why Financial Controls are SO Important at Non-profits

If you’re a manager at a non-profit, this story in The Washington Post is a must-read.

As I wrote here, two decades ago I had a part-time person on my staff stealing from my association. As the article explains, the thief was caught very quickly after the accounting department discovered some anomalies during the monthly reconciliation. The thief was caught because there were good accounting controls in place. The non-profits outlined in the Post article clearly did not have good accounting controls in place.

Let this be a lesson to all of us.

About Wes Trochlil

For a quarter century, Wes has worked in and with dozens of associations and membership organizations throughout the US, ranging in size from zero staff (all-volunteer) to over 700. In that time Wes has provided a range of consulting services, from general consulting on data management issues to full-scale, association-wide selection and implementation of association management systems.

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