Finance
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Aim: Be a good steward of the organization’s finances – minimize waste and maximize stability. Scope: • Financial relationships and agreements of the organization • Accounting standards for the organization • Financial policies governing the organization (Constraint: Must be proposed via governance)
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Accountabilities:
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Pursuing collection of debts due to the organization
• Recurring Action (monthly): Review A/R statement, send reminders as-needed
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Processing all financial transactions of the organization in alignment with financial policies
• Triggered Action: Process a special transaction or handle similar request (upon receipt of a duly-authorized request)
• Recurring Action (bi-monthly): Import transactions from PayPal to QuickBooks
• Recurring Action (bi-monthly): Record/pay bills, review cash balances & move as-needed
• Recurring Action (monthly): Pay payroll draws, review cash balances & move as-needed
• Recurring Action (monthly): Reconcile bank statement to QuickBooks
• Recurring Action (monthly): Update cash-flow forecast
• Recurring Action (quarterly): Adjust foreign currency balances
• Recurring Project (starts every February): File tax returns
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