Accounting Services for Nonprofits
We are proud to share the Jayme F. Moore, CPA, was a guest blogger for the Massachusetts Council of Nonprofits (MCN). Jayme is a Director & Vice President of GT Reilly & Company and chair of the firm’s Not-for-Profit Committee. She shared an article with MCN about how nonprofits can navigate inflation, loss of grant funding and other uncertainties in their revenue stream.
Jayme highlighted the importance of ongoing cash management practices as well as the benefits of running different financial scenarios. Operational efficiencies can also help nonprofit leaders understand the true costs of staffing, programming and fundraising. All of these elements shape how nonprofits can forecast financial needs, ensuring that the nonprofit can maintain proper funding for the future.
“…scrutinize your nonprofit’s recent fiscal year’s financial performance for negative indicators by comparing metrics with previous years or other benchmarks. Review conditions that were present in the years your nonprofit seemed to have struggled; determine whether they still threaten your organization and could be a problem in the future.”
– Jayme F. Moore, CPA, excerpt from Massachusetts Council on Nonprofits blog
As part of GT Reilly’s audit and accounting services for nonprofits, we work closely with your team, whether it be financial reporting or compliance needs, or if you need help putting together a plan of action. Let us know if you would like a consultation on your organization’s needs.
See also: The Value of Development & Accounting Team Communication
