Outsourcing offers many benefits to your small non-profit organization.
- Cost Savings: Cost-cutting isn’t the only reason to outsource, but it's certainly a major factor.
- Increase efficiency: Our cost structure and economy of scale wil give your non-profit a valuable competitive advantage.
- Start new projects quickly: Just win funding for a new program? We have the resources to help you start that new project right away.
- Focus on your core mission: Outsourcing can help your non-profit shift its focus from peripheral activities toward work that serves the clients and it can help managers set their priorities clearly.
We will help fill the internal control gaps and ensure your organization is in full GAAP compliance through the following services:
- Develop and monitor internal controls to ensure preparation of financial reports are accurate.
- Review supporting documentation; ensure documentation supports financial reports
- Review financial functions within the organization; create and/or maintain separation of duties among financial staff
- Review monthly/quarterly/annual reconciliations; ensure review and approval of monthly reconciliations are documented
- Develop and maintain a process that ensures adequate communication between agency management, internal and external finance staff and auditors, and the oversight board, commission, or audit committee
- Provide assistance to management in the interpretation of financial reports
- Assist in the preparation of year end audits
- Provide other general advice and assistance towards the ongoing accounting operations of the client
Government funding is a large source of revenue for many small non-profits. Unfortunately, this funding comes with many restrictions and bureaucratic obstacles that make it difficult to manage.
With over 30 years of experience working with government contracts. We can help your non-profit organization develop the techniques of successful contract management, including strategic planning, contract negotiation, and performance evaluation. From high level negotiations to day-to-day operations, we can assist you with any contract issue you are having.
NPCM began working with a domestic violence and mental health agency with a $3 Million dollar budget in November, 2005. Before NPCM, the accounting was done on by a relative of the Executive Director part-time. When NPCM took over, the non-profit had just posted a $350,000 deficit for the previous fiscal year. NPCM installed proper internal controls and better reporting so management could tell where the losses where coming from. In two years, the non-profit was showing a year end surplus.
NPCM also worked with a non-profit that provides housing to people with developmental disabilities. They had a $2.5 Million dollar budget and had recently fired the controller and executive director. The accounting was being done by a temp agency. Before, the organization was on the brink of going out of business and merging with another organization. After only 6 months, NPCM was able to install proper internal controls and reporting so management could monitor the financial health of the company. With this information, new management was able to make the necessary changes to improve the stability of the non-profit. They recently opened a new residential house for the first time in over 20 years.
In today’s accounting environment, it is critical to ensure that your organization has the proper internal controls in place. Recent changes in accounting regulations now instruct auditors to sight an internal-control deficiency when the potential for a misstatement exists, not whether a misstatement actually occurred. Our support includes analysis and recommendations on internal controls and accounting workflow, answers to your daily bookkeeping questions, budgeting assistance, assistance interpreting your financial reports, and other general accounting inquires that you or your finance staff might have.
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