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The nonprofit treasurer should be an experienced businessperson who knows how to manage money and has an understanding of how to keep accurate records. The treasurer should also be aware of any outstanding bills or debts, as well as who can access the funds inside the organization. We’ll examine the duties and responsibilities of a nonprofit treasurer below. The treasurer should review the budget and have it approved by the nonprofit’s board. Although the board is ultimately responsible for the budget, treasurers should be prepared to explain and justify the budget recommendations as well as the financial record.