With over 10 years of experience auditing non-profits and serving as an agency CFO, The Charity CFO understands the comprehensive accounting system needed for appropriate reporting.
Accounting services can include:
- Accounting for transactions
- Recording vendor invoices
- Recording contributions and deposits
- Recording payroll data and other employee costs
- Posting revenue receivables and agency liabilities
- Account Reconciliation
- Preparation of bank reconciliations
- Reconciliation of investment accounts
- Post monthly journal entries
- Reconcile general ledger accounts
- Post any accrual-based accounting entries
- Financial Analysis and Thought Leadership
- Review general ledger activity
- Prepare monthly financial reports
- Compile special reports for funding sources
- Evaluate overall financial performance of the agency and make strategic recommendations to ensure financial stewardship and best practices
- Participate in Board and Finance Committee meetings
- Assist in preparing for annual financial audit
- Assist in preparing materials needed for Federal Form 990
- Participate in annual fiscal budget process
Each client is unique with different needs and not all functions may need to be outsourced. As such, a custom accounting service plan will be created to address individual client needs as well as funding agency requirements.