Financial Management - Non Profit Organization

Non-profit organizations have unique financial management needs, including budgeting, grant management, and reporting for funders and stakeholders. Our Financial Management services cater specifically to non-profit organizations, providing specialized expertise in financial planning, accounting, and reporting. We help non-profits optimize their financial resources, maintain transparency, and demonstrate accountability, enabling them to fulfill their mission effectively and efficiently.

Knowledge Business Management Group(pty) Ltd takes pride in developing strong Accounting systems and controls in place for our Non Profit Organizations and ensuring the transparent and effective handling of money and resources coming in and going out. Non-profit organization does not own the resources (Funds) raised. NPOs are expected to be careful and effective managers of the resources entrusted to them by donors, sponsors, and the state. Strong Financial management systems no matter how simple and basic needs to be developed and maintained by an organization’s office bearers to ensure the appropriate use of resources.

Our expertise also specializes in the following key functions:

• KBM Group (Pty) Ltd – Assists NPOs in setting up appropriate financial systems and employing qualified graduates, either full-time part-time or voluntarily to administer and manage these systems
• KBM Group (Pty) Ltd – Assists NPOs to develop financial policies and procedures manual. That might include: Financial statement presentation, distribution and timing of financial statements, a system of accounting codes, bank statement reconciliation procedures, investment policies, cheque signing procedures, travel expenses and per diem policies, income collection, and recording systems, payroll policy, insurance policies, controls over fixed assets, controls over inventories, budgeting procedures, tax procedures (if applicable)
• KBM Group (Pty) Ltd – Assists NPOs to comply with South Africa’s accepted accounting and auditing practices, as regards procedures, banking, reporting, and record keeping
• KBM Group (Pty) Ltd – Assists NPOs in conducting their annual financial audits
• KBM Group (Pty) Ltd – Assists NPOs to prepare realistic annual organizational income and expenditure budgets
• KBM Group (Pty) Ltd – We specialize in assisting NPOs in monitoring their actual income and expenditure performances against the budgets
• KBM Group (Pty) Ltd – Assist NPO in setting up clear policies on loans and staff advances
• KBM Group (Pty) Ltd – Assist NPOs in developing a policy regarding the receipt of outside honoraria and/or remuneration in order to avoid ‘double’ or inappropriate payment
• KBM Group (Pty) Ltd – We establish effective controls for the handling of petty cash and develop and introduce clear procedures for the authorization, preparation, signing, and issuing of cheques, develop disciplinary procedures in place to deal with any misuse or misappropriation of resources or assets;
• KBM Group (Pty) Ltd – We ensure that designated funds are used only for the purpose for which they were given for
• KBM Group (Pty) Ltd – We establish an effective purchasing system that: Ensures competitive quotations are considered where applicable, purchase orders are authorized, goods or services are checked against purchase orders; payment procedures are adhered to, and appropriate records are maintained