Nonprofit

We work with 501(c)(3) and 501(c)(6) nonprofits, and hybrid organizations to ensure their financials are accurate, compliant, and easily digestible for stakeholders. Our services range from configuring systems for grant and revenue tracking to providing insightful data that enables stakeholders to make informed decisions about funding and financial goals.

Yes. Your accounting package provides financial clarity, unravelling expenses and revenue for specific grants and easily managing reporting for single- and multi-year grants, including the performance of individual projects. We use Sage Intacct modules to streamline financial functions, like billing, while automation reduces the risk of human error in data entry.

We provide a full range of support. Depending on their needs, we can manage all their bookkeeping requirements, as well as things like revenue recognition and expense allocation for specific programs. Alternatively, we can support internal accounting teams with nonprofit-specific accounting practices, like monthly close processes and mission impact.

We find that smaller nonprofits prefer to leave all their accounting needs to our experts, while larger organizations outsource specific requirements, including grant tracking and monthly close support. The degree of support depends on the complexity of financial accounts and the capacity of the in-house financial team.

Yes. Our advanced financial management software integrates with donation platforms, grant management tools, and fundraising systems. Alignment between event revenue and fundraisers eliminates duplicate data entry, which keeps general ledgers nicely balanced. Integration provides financial clarity for stakeholders, while maintaining audit readiness – just in case.

The trick lies in neat and orderly processes and clear, robust rules. For instance, tagging spend by grant, funder, and program. Then you need to ensure that releases and allocations follow the rules.

Use automation tools to automate restricted versus unrestricted flows. Statements must match agreements for there to be fewer corrections, which makes finance teams very happy.

It’s very important to keep budgets next to live activity. In this way, leaders can see burn and remaining balances in the same view.

Automation does you another favor by scheduling funder reports. This puts a stop to ad hoc data pulls because all the information needed is included in the reports. One positive outcome is that submission days are calmer and less frantic.

Audit trails are clearly traceable from statement to source. Staff are happy because they don’t have to spend long hours assembling evidence. It’s all there ready and waiting for auditors and their questions

Frantic searches and last minute updates don’t lend themselves to calm. And calm is what you need when working with your nonprofit’s finances. How can you achieve calm, while maintaining the rhythm and momentum to push workflows smoothly along?

Ensure control points live in the system and not in a binder. This makes it far easier (and more efficient) to trace approvals and changes.

All related documentation is carried by period reconciliations, which speeds up sampling requests, dropping response times down to mere minutes.

Our solutions include multi-entity capabilities, including multi-entity structures, which are standard. This helps to maintain consolidations so they don’t need rebuilding every quarter.

Prepare boards for meetings by providing board packs. These use the same numbers as the ledger. The chance to go over data before meetings enables boards to come to grips with the contents. This understanding builds confidence and reduces debates that can hold up meetings for hours.

Impact is the point of your nonprofit’s being. Positive impact. You need to measure impact in a way that enables you to take action if needed, not just throw money at the problem. One way to do this is to build “lives impacted” and program efficiency charts from source data. No more clunky spreadsheets.

You can drill down for more insightful data by tracking cost and revenue by program and class. This provides a clean view of the efficiency and reach of every initiative.

Another good metric that shows performance is trend comparison year-on-year. This is a great way to see which programs need intervention and not a bigger share of the budget.

It helps to tie development and finance together. It aligns campaign results and donor metrics to statements. Another helpful move is to share a small, repeatable dashboard with leadership and boards to focus meetings on action and not on reconciling slides.

We provide several software products that boost nonprofits’ efficiency, productivity, and impact. These include:

Sage Intacct or Xero. They have fund accounting features that provide clean dimensions and reliable reporting using current data.

DonorPerfect. As you would expect, it specializes in nonprofits’ specific accounting needs, like development and syncing gifts to finance with proper tags.

FloQast. It does wonders for close coordination. The result? Better, traceable evidence and less scramble at the end of each week and month to deliver reports, facts, and figures.

Ramp. Ramp is ideal to manage spend control, which ensures there are fewer surprises after events.

Sage 300 People. As Sage partners, we are experts in all Sage finance/HR/payroll products. Sage 300 People is perfect for HR and payroll where compliance regulations are particularly strict or the complexity of your finance needs grows alongside your nonprofit’s expansion.