Nonprofit organizations play an invaluable role in our community. They bring important services to those who need them and help bring public awareness to important causes. Because they’re not focused on turning a profit, it can be easy to overlook the importance of managing the financial side of nonprofit organizations.
But in many cases, nonprofits must watch their numbers even more closely than for-profit organizations as they are beholden to donors and organizations that monitor accountability. Accounting Clarity offers outsourced bookkeeping services to help nonprofit organizations to stay on top of their accounting. Outsourced bookkeeping offers several key benefits to nonprofit organizations.
1. Outsourced bookkeeping provides continuity.
The very nature of nonprofit organizations often involves changes in board members and other key roles. Nonprofit boards are often filled based on elections and term limits. When your organization’s key roles change, outsourced bookkeeping provides continuity across those changes. That means less of a margin for error with greater accountability.
2. Outsourced bookkeeping is scalable.
Nonprofit organizations often have periods of the year that are busier than others or special events that require large blocks of time or attention. Maintaining full-time employees year-round for these events when they will not always be needed doesn’t make sense when resources are at a premium. Outsourcing your organization’s bookkeeping means we can scale up our assistance when you need it and scale back as things slow down again, allowing the best use of your organizational resources.
3. It reduces the threat of fraud.
Unfortunately, the organizational culture of values in your nonprofit may not be enough to protect you against fraud. Fraud against charitable organizations is a serious problem. Increased oversight is one of the best ways to reduce the threat of fraud to your organization. With outsourced bookkeeping, you know your finances are in the hands of experienced professionals with a proven record of accountability.
4. It removes the needs for constant technology upgrades.
The need for constant technology upgrades can eat away at your nonprofit budget every year. Outsourcing your bookkeeping means you don’t have to worry about keeping up with the latest accounting technology. Our accounting professionals maintain the most current technology as part of our comprehensive bookkeeping services.
Outsourced Nonprofit Bookkeeping Services in Minnesota and Florida
Boulay’s Accounting Clarity services experts understand that each nonprofit has unique organizational needs. We can assess your nonprofit’s needs and create solutions that are uniquely suited to your organization. With outsourced bookkeeping for your nonprofit organization, you can focus on what you do best—making the world a better place. To speak with our nonprofit bookkeeping professionals, call us at 952.893.9320 or contact us to discuss how we can help your nonprofit agency.
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