Resources and Skills Properly Leveraged to Economies of Scale
As previously mentioned in our blog, many smaller nonprofits don’t have access to a CFO or Controller. Furthermore, the requirements for someone with that level of talent might only demand 5-10 hours per month. Some nonprofits end up spreading these functions throughout the organization to either under or over qualified personnel, forcing the back-office to no longer leverage the appropriate economies of scale.
In order to justify having a full time Controller and CFO the nonprofit must be much larger. By partnering with an accounting firm to perform these functions your organization will be better positioned to access only the CFO and Controller-type skill sets you need, tailor fit specifically to your specialized needs. The third-party accounting firm can scale these functions across their business, passing on the value directly to the nonprofit.
Does your accounting need to be handled faster, cheaper and by a qualified person? Maybe it’s time to consider Beck & Company CPA’s. Contact us today for a free consultation.