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The Worker Center HandbookA Practical Guide for Starting and Building the New Labor Movement$
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Kim Bobo and Marien Casillas Pabellon

Print publication date: 2016

Print ISBN-13: 9781501704475

Published to Cornell Scholarship Online: January 2017

DOI: 10.7591/cornell/9781501704475.001.0001

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Managing Money Well

Managing Money Well

Chapter:
(p.178) 20 Managing Money Well
Source:
The Worker Center Handbook
Author(s):

Kim Bobo

Marién Casillas Pabellón

Publisher:
Cornell University Press
DOI:10.7591/cornell/9781501704475.003.0020

This chapter offers guidance for worker center volunteers and staff who have little experience in handling organizational funds and want to make sure they have adequate systems in place to protect these funds (and themselves). Some staff and volunteers may not grasp the importance of using money for the purposes intended by the foundation or donor. There may also be some who will steal money from your organization. This chapter makes suggestions for good money management, from creating a bookkeeping system to setting up bookkeeping files and records, handling cash and payroll, producing and reviewing financial reports on a regular basis, managing credit and debit cards, establishing reasonable internal controls, training all staff, conducting financial reviews or audits, and putting your information online.

Keywords:   worker center, organizational funds, money, bookkeeping system, cash, payroll, money management, financial report, internal control, audit

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