Beck & Company CPA's Working smarter with total accounting powerpoint 7 26 11

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Nonprofits Working Smarter with TotalAccounting How to improve your accounting processes and free up more time and resources to focus on your cause.

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Transcript of Beck & Company CPA's Working smarter with total accounting powerpoint 7 26 11

  • 1. Nonprofits Working Smarter with TotalAccountingHow to improve your accounting processes and free up more time and resources to focus on your cause.

2. YourOPERATION is the heart of your organization
3. Front Office Fuel that propels your OPERATION
Operation and Cause
These drive your Focus forward
4. Back Office Foundation to Support Your OPERATION
Back Office
These supporting functions stabilize the Focus and create a platform for growth
5. Front- Office vs. Back-Office
Front-Office
Back-Office
(Supporting the Cause)
Fundraising
Community Outreach
Donor Communication
The more time the management team can use to focus on the mission, the better
Cost Center
Typically requires outside expertise to accomplish effectively
Can inhibit or enable growth
A great area to reduce costs and improve quality and efficiency
6. Reducing Costs throughBusiness Process Optimization (BPO)
Significantly reduces overhead
The finance and accounting back-office is a cost center and does not generate income
Optimizes process and improves workflow
Allow management to spend more time and effort on your cause
Re-direct finance and accounting expenses
Gain faster, better financial information
Improve operational efficiencies that impact the mission
7. When is TotalAccounting a Smart Move for Nonprofits?
Do you struggle to raise funds?
Is operating on a leaner budget a dream not a reality?
Does your organization need a better way to keep costs down?
Is the right person performing each accounting process?
8. Beck and Company TotalAccounting Service
Our TotalAccounting Service team can help you reduce your back-office overhead and improve your processes so you can spend more time focused on your cause.
9. Beck & Companys TotalAccounting Service
Engagement Methodology
1. Client Assessment
4. Implementation, Training
Support & Service
Management
3. Service Level Agreement, Contract
2. Design, Risk Management, Estimating, Proposal
10. Client Assessment

  • Our recommendation is to conduct a detailed on-site review of all current finance and accounting processes and systems so that we fully understand the current operating environment

11. This includes transaction workflow, procedures and best practices that the potential clients organization has adopted and/or implementedClient Assessment
12. Client Assessment
Current A/P Process Vendor Invoices

  • We will utilize a nonprofit business process modeling tool for output similar to what is shown in the example

13. This method not only enables us to fully understand the process, but also allows us to jointly identify the organizations operational inefficiencies and areas for improvement 14. Depending upon what processes we are examining and our ability to schedule with the owners of those processes determines the length of time a client assessment can take (usually no longer than 2 days)