The decision to include a chapter on ﬁnancial management as the ﬁrst in a series of essential skills chapters in this book was a deliberate one. The healthy ﬁnances of any organization, whether a for-proﬁt company, a nonproﬁt human service agency, or a government entity, are the building blocks upon which an organization can successfully carry out its mission. Moreover, without adequate oversight and prudent manage - ment of ﬁnances, an organization of any type may not properly allocate its resources and, ultimately, the organization may need to close its doors due to ﬁscal mismanagement. This logic also holds true for individual programs in addition to entire organizations-if the money is not man - aged appropriately, it is difﬁcult for a program to be effective. Perhaps most importantly, for many social work managers ﬁnancial management is not something that comes easily, and therefore this chapter is meant to serve as an introduction to understanding and managing the ﬁnances of a social work program or organization in order to alleviate some of the common frustrations.