Economic and financial management
We need to strengthen its dynamic organization planning, organization and economic and financial control, and develop ways of thinking and manage their resources designed to ensure their economic, social and environmental as a necessary condition to fulfill its mission.
Transparency in the use of funds and the effectiveness and efficiency in the management of economic and financial resources are two of the main factors contributing to the maintenance of
confidence in the organization by its various stakeholders , thus ensuring the survival and economic sustainability of the organization, as a necessary condition for the fulfillment of its
purposes and social purposes.
Defined economic and financial management as a set of interdependent processes designed to reach the best possible way, the achievement of social objectives are defined as fundamental processes
of economic and financial management , the following:
- The process of economic management and internal control.
- The accounting process.
- The process of planning and financial control.
- The analysis , monitoring and evaluation as an ongoing process.
The first three processes form a continuum in the extent to which the proper conduct of operations within a process requires , but does not require , conducting operations within another . Thus, adequate information on the economic activity of the organization (management process and internal control economic) will analyze your financial situation (accounting process ) and set goals for it, and then made the same track (process planning and financial control).
The management process and internal control economic is essential for smooth running of the organization and proper management of financial resources, allowing:
- Manage ups and downs of people affiliated with the organization and / or service users, manage associated persons.
- Manage the receipts and payments ( inflows and outflows of cash) cash management.
- Sort and file financial information existing in the state, to ensure the reliability of financial information shown: show a true and fair picture of the financial position of the entity.
- Protect existing assets (office equipment, furniture, cash on hand, etc.) and prevent theft or fraud.
They have to have the following books, duly updated:
- A log book associated persons.
- A book of minutes.
- A book of accounts.
The main documents should be handled regularly include:
- Invoices, receipts, tickets or proof of expenses for purchases or services received. Issue of invoices or sales revenue or services rendered.
- Payroll and social security in the case of existence of people hired.
- Insurance of volunteers.
- Printed with Treasury settlement as the VAT return, declaration of income tax, corporation tax, if necessary.
- Justifications people paying members and donations, if any.
- Cooperation agreements with other private, public or private.
- Notices of public aid or private.
- Memories and economic justifications of projects, services or programs.