The Power of Allocations: Capturing the True Cost of Programs
Wednesday, May 21 9:30-11:30am PST on Zoom
We sometimes inadvertently contribute to our own financial challenges by not asking for all that we truly need. The key to avoiding these pitfalls is to set up our nonprofit accounting systems to successfully allocate indirect and shared costs across all of our programs and cost centers.
Join us as we dive into what allocated costs are, share ways to set up an accounting system to allocate costs fully, and guide you through designing an accounting system to transform your nonprofit’s planning, reporting and fundraising activities.
Identify true program costs by distinguishing between direct, indirect, shared programmatic, and administrative costs
Determine appropriate allocation methods for various types of shared costs
Use a two-step process for allocating expenses to arrive at the true cost of each of your programs
