How does Tides Center handle my organization’s funds?
Tides manages all incoming and outgoing funds for each of its fiscally sponsored projects and processes all financial transactions on their behalf. Tides provides a financial orientation that covers Tides financial services overview, budgeting, cash management, coding expenses, monitoring expenses, the Tides chart of accounts, systems training (including NetSuite), and reading and utilizing the monthly financial statements prepared by Tides. Invoices are paid via check or ACH on a weekly basis and expedited payments are available for an extra charge. Fiscally sponsored projects are able to access their funds via purchase cards, direct invoicing, and petty cash accounts. Fiscally sponsored projects are responsible for coding transactions, submitting original receipts, honoring our timelines, and monitoring their own cash flow.