Implement Beyond Budgeting

[deborahchang (Deborah Chang / 張元悅)]

We have a proposal to Go Beyond Budgeting!

Beyond Budgeting

We use a framework called beyond budgeting to determine how our money is used. You won’t find a traditional “budget” here. Traditional Approaches to Budgeting Traditionally, nonprofit organizations set a yearly budget that is then approved by the board. This budget includes expected revenue (money coming in) from donations, grants, events, etc. and expenses (money going out) by type of purchase like salaries, supplies, and food. Often budgets are used to determine how much money each departme…

In short, instead of budgeting, we separate the process into three

• Rolling forecasts
• Targets
• Resource allocation (with activity-based accounting)

Related Projects and Todos

Create Accounting System
Create Resource Allocation Process
Create Budgeting Process

Draw Decision Making Framework

[deborahchang (Deborah Chang / 張元悅)]

Consider Purchasing the Following Resources

• Reinventing the CFO
• The Little Book of Beyond Budgeting
• Getting Move Value from Activity Based Costing