A workshop on financial management was conducted by Keystone staff at Keystone Campus, Kotagiri on 23-24th August 2010. The participants were staff in charge accounts/finance from six partner organisations, all of whom are involved in the CordAid Phase-III project.
The workshop has helped develop a better understanding of each others’ reporting systems and issues faced in the flow of information. This in turn is valuable in improving the coordination of reporting in the new project. It was heartening to see that most of the partners had well defined financial management systems with many of them having documented these policies as well.
The workshop was the first attempt with an exclusive accounts and reporting focused, and was much appreciated by all participants. Valuable feedback has also been given by the participants that would help in improving the design of such workshops in the future.
By Noshir H. Dadrawala
The Finance Act 2008 and the proposed New Direct Tax Code will have far reaching consequences on charitable organizations in India. (more…)
This year Keystone has taken one more step forward by giving a Longevity Bonus to all staff who complete five years of service. The bonus amount is calculated as follows - Current basic salary x 5.
During October 2008, Mr. Mike Zimmer from Ernst and Young, UK had come to Keystone to review and suggest improvements in the Accounts and Administration group. The time with Mike was very impressive and the format which he has given for monitoring project expenses will play a very important role once our new structure gets underway. Easwar had the opportunity to attend the Accountaid Workshop for Accountants of Ford Grantees at Trivandrum.
A team that is constantly innovating! It is one of the groups where there is always some action. The administration takes up communication, postage and delivery, bank transactions, security and cleaning of offices, etc. They have to constantly adopt to the days’ needs and this they have identified as one of their key area – to develop a mechanism for coping with change.
Keystone is a public charitable institution under the the Indian Trust Act 1882. It was registered on the 19th of November 1993 in Pondicherry and later, during 2003, the registered office was changed to Kotagiri. (more…)