Your organization's financial health depends upon sound financial management. Nonprofits have an obligation to act as responsible stewards in managing their financial resources. Nonprofits should use their financial resources to accomplish their missions in an effective and efficient manner. In addition, an organization is accountable to its board, staff and the general public to know how much revenue it is receiving and how that money is being spent. It also needs to ensure that grants and all other income are spent in the manner intended. Establishing clear policies and practices to regularly monitor how funds are used will make managing your organization