Ensure smooth operations, transparency, and donor engagement. Deliverables: Monthly expense tracking and audits. Quarterly progress reports shared with stakeholders. Quarter Activity Milestone
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To set up cloud-based record-keeping, select a reliable cloud service provider (such as Google Drive, Dropbox, or a specialized platform) that suits your needs. Migrate all existing records (financial data, participant details, program progress, etc.) to the cloud, ensuring proper organization into folders or categories for easy access. Implement a user-friendly system with clear access controls, so that authorized individuals can view or edit the records. Automate data entry where possible, and ensure regular backups for security. This cloud-based system improves transparency by allowing real-time access and updates, and enhances efficiency by streamlining data storage, retrieval, and collaboration.
To conduct a mid-year financial audit, gather all financial records, including receipts, invoices, bank statements, and expense reports. Hire an external auditor or appoint a qualified internal team to review these documents for accuracy, compliance with regulations, and identify any discrepancies or financial risks. After the audit, compile the findings into a semi-annual financial report, including key figures such as income, expenses, savings, and any deviations from the budget. This report should also outline the financial health of the organization, any adjustments made, and recommendations for the second half of the year. Finally, publish the report to stakeholders, ensuring transparency and accountability.
To prepare an annual impact report, gather data on the key outcomes of your program, such as the number of beneficiaries served, the results of your initiatives, financial performance, and any measurable improvements. Include qualitative and quantitative data, such as success stories, testimonials, and case studies, to highlight the program’s effectiveness. Structure the report to clearly showcase the goals achieved, challenges faced, and lessons learned over the year. Once the report is prepared, share it with donors and stakeholders via email, through a downloadable link, or as part of an annual meeting. Ensure the report is visually appealing, easy to understand, and reflects the transparency and accountability of the program.
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Bank Details:
Muslim commercial bank
Limited.
Swftcode-mucbpkka.
Branch code. 0080
PK97MUCB0656705131001289.