A common headache and time drain for growing nonprofit entities is how they manage their accounting and financial functions. Trying to find and maintain reliable, timely, and trusted employees to handle bookkeeping and some higher-level accounting services can be difficult if not impossible in a competitive workforce.
As agencies and the need for supporting systems grow, the workload and responsibility often falls to one person, which can lead to a financial control crisis. A considerable amount of time needs to be spent managing people, processes, and procedures, in order to promote a quality financial structure. Luckily with today’s technological advances, significant benefits and efficiencies can be gained by outsourcing the financial function in part or in whole.
But how do you know when it’s time to consider making an investment in financial services?