Excess Cash in Not-for-Profits

07/20/21 • 7 min

What should you do if your NFP in Australia finds itself with too much spare cash?
You need some cash on hand for working capital and your business continuity plan, but what do you do if you have more than that? You could invest the spare cash, grow your funds until you’re ready to spend them according to you purpose.

Connect with me on LinkedIn or visit our website rightsource.com.au
If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.
Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.
Right Source Empowering Your Purpose Is Ours.

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NFP Indigenous Organisations

The Office of the Registrar of Indigenous Corporations (ORIC) registers and assists Aboriginal and Torres Strait Islander corporations to run properly—according to their own rules and cultures—and ensure they don't break the law. ORIC provides training and charges no fees.
Think of it like ASIC, but it’s specifically for indigenous corporations in Australia.

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NDIS Provider: Understanding The Client Journey

If you are an NDIS provider, I created this episode to help you understand the client journey better so you can make better decisions around your processes.
In this episode I delve into client journey mapping for NDIS Australia providers to help improve overall customer experience.
For any NDIS providers, if you’re wanting to discuss any of this at a deeper level or you have any nonprofit accounting questions, please reach out. I’d be more than happy to answer them!