3.3 Financial Organization
3.3 Financial Organization
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Elements of Organizing Financials
Activity 3.3 | Financial Accountability
In this final activity of module three, you will reflect on who in your centre will handle expense approvals or purchases.
Consider how materials are bought, how petty cash is managed and reimbursement processes if staff needs to buy things out of their pocket.
It is essential for everyone to be transparent and accountable and for checks and balances to be established.
- How can you ensure that there are checks and balances in the accounting?
- How will you be transparent with your team about expenses/costs? How would you start these conversations with staff about why you can or cannot spend in a specific area?