Raising your game 4: Best practice

By charity finance expert Paul Leigh

Paul Leigh
Paul Leigh

Incorporating best practice into the finance function will help ensure that your organisation's processes and methods are effective and in line with current thinking.

Encourage your team to read about best practice from the various resources available. These include sector journals, such as the one you are reading right now, and the internet. Have a look around training provider websites and bear in mind that some accounting firms provide free seminars on topical matters.

The Charity Commission produces a useful guide called The Hallmarks of an Effective Charity. It is available on the commission's website and you will find some useful pointers there.

A few tips: A one-sized glove does not fit all; you need to decide which best practices fit your organisation. Encourage your team to realise that time spent seeking out and implementing best practice is an investment. Never underestimate the value of your team's discussions on this, because there can often be spin-off ideas that lead to other improvements.

Topics:
Finance Advice

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