The not-for-profit sector is in transition―succession planning has become an important consideration for many volunteer boards of directors. Proactively adopting best practices, including outsourcing, can help not-for-profits (NPOs) and charities more effectively deliver core services―and innovate. Efficiencies create ‘blank space’ for inventiveness. Effective, creative service delivery helps attract new people to excel in the roles of executive director or board member―people ready to take an organization to the next level.
Best practices make a difference in a changing not-for-profit marketplace, helping to address the important issue of succession. Financial management is of critical importance for NPOs―ambitions to fulfil important mandates can be limitless, while resources are not. Not least because fraud cost a median of $75,000 in 2018 for NPO and charities, according to the Association of Certified Fraud Examiners.
BDO’s industry professionals deliver best practices―collaborative, personalized, fully managed bookkeeping and payroll services. We can help:
- Minimize the administrative burden, allowing a focus on core priorities and strategies
- Connect people and streamline processes
- Provide the financial visibility to manage the mission and be more agile when challenges arise
Worried about switching? There are three easy steps to transition your critical back-office function:
- Scoping: a collaborative and explorative understanding of how we can help
- Onboarding: a smooth transition with mutually agreeable timelines, testing, and validating, working closely throughout the transition
- Service excellence: ongoing accounting, tax and advisory support when and as often as you need us
Complete the form to get started today.