Nonprofit leaders are not always familiar with, or comfortable with, the subject of financial management. This means that financial challenges may be overlooked or ignored. But whether in a poor or a robust economic environment, those with responsibility for a nonprofit cannot disregard the implications of good financial management. With that in mind, one of the most important areas of finances for any organization is cash flow. With or without significant cash reserves, most small to mid-size organizations need to keep a watchful eye on their cash flow. This white paper will explore the importance of understanding how cash flows into and out of an organization and will present various cash flow reports and tools to help the leaders of nonprofits create an accurate picture of their organization’s financial situation.