Nonprofits are not owned or operated for the benefit of shareholders, but rather stakeholders. Stakeholders are your members, staff, the value-chain, and often entire industries, all that depend upon your organization to raise and smartly spend funds in advance of the mission. Nonprofits can use a variety of reporting methods spanning the balance sheet, income statement, statement of cash flows and statement of functional expenses.
Nonprofit finances differ from for-profit in areas of reporting, tax-exempt compliance, and even budgeting. While we can deliver financial management services for corporate clients, Force Multiplier Management has the experience needed to answer the unique challenges of nonprofit compliance, reporting and budgeting.
If you need to monitor and report your performance, budget comparisons, or tracking on special project funding we've got you covered.
You could realize your daily financial reconciliation or reporting has grown beyond the capabilities of your in-house staff but not be in a position to bring in another staff member. COVID may have reduced your resources and you're looking for a reliable partner to help you navigate the financial landscape. Or anything in between.
If you need to focus on advancing your mission rather than spending your time building spreadsheets and reports, contact us today to see what we can do for you.
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Financial services are likely some of your most time-consuming but critically important activities. Everything relies upon proper budgeting, tracking and reporting of funds. It isn't sexy, it just needs to be right.