Outsourced Accounting
Why outsourcing your nonprofit accounting function?
There are many reasons, but all will lead to an important advantage: allowing you to focus on your organization mission and let seasoned professionals worry about the numbers.
- Improvement internal control environment
- Maintain organization compliance with ever changing accounting rules
- Reduction of training, recruiting and other cost related to hiring new employee
- Reduction of risk of accounting record inconsistency due to employee’s turnover, a fundamental step to ensuring best independent audit reports
- Professional expertise to ensure compliance with financial and regulatory requirements
Our Outsourced Services Process:
Each organization is unique, depending on your situation and specific needs we can support the entire accounting cycle of your nonprofit. If you are just starting up, we can help you setup your chart of accounts as well as select a suitable accounting software and other technology platforms to satisfy your nonprofit current and future needs. For more established organizations, we study the process for financial transactions and then come up with standard procedures, which are cost efficient and also adhere to best practices in internal controls.