More than half of the nonprofits in the U.S. are estimated to be all-volunteer organizations.  Due to the fact that these organizations have an informal air about them, it is easy for finances to be treated in a casual way.  But when money matters are treated casually, it can become too easy for money to get lost or for some people to question how money has been spent.

The following are eight key accountability and transparency responsibilities treasurers should be most concerned with:

1.  Handle the money with high standards and set a tone of integrity
2.  Manage the filings
3.  Identify and manage risk
4.  Confirm contributions
5.  Track volunteer time
6.  Plan and evaluate with a budget
7.  Prepare timely financial reports
8.  Recruit the next treasurer

To read the full article and get more details on these responsibilities, click here.