Outsourcing or, as B&A prefers, right-sourcing, provides non-profits with tailored solutions to their financial management needs. Small non-profits face the same financial management issues as large ones. By outsourcing their accounting requirements, small non-profits get the full benefit of a large non-profit accounting department without the cost of hiring the range of people and skills related thereto. Larger non-profits can benefit from outsourcing particular aspects of their accounting.
Full Service: B&A’s full service outsourcing essentially replaces the accounting department of a non-profit. B&A staff performs all functions typically performed by the accounting department including, bookkeeping, payroll, financial statement preparation, grants management, audit preparation and management, budgeting and human resources. B&A secure online information technology provides clients maximum access to accounting information and records, at the same time assuring the integrity of the accounting system. Accounting is done on B&A premises, saving money for clients since they don’t have to spend funds on costly office space.
On Premises: For clients who prefer to maintain an accounting function in their own office, B&A staff come at set times and perform the needed services—either full accounting or supervising the organization’s bookkeeping staff and performing the monthly close. B&A uses online information technology to link to the accounting system and records so that questions that arise in-between visits can be answered.
Financial Statement Review: A third level of accounting services is the periodic review of the accounting books to assure that an organization’s own staff have properly accounted for the transactions. In all cases, B&A works with its clients to tailor its services to their specific needs. B&A will conduct an initial analysis of your organization’s accounting needs at no charge.