Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

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The Charity CFO

MAY 19, 2023

In a previous article, we discussed the benefits, risks, and compliance requirements of outsourcing bookkeeping for nonprofit organizations. Not only does it fulfill compliance requirements, but it also plays a crucial role in achieving the organization’s mission.

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The Charity CFO

APRIL 22, 2024

High levels of burnout could pose legal, compliance, and financial risks as employees lose focus or drive in their jobs. In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. Contact us today to learn more about outsourcing your financial management.

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The Charity CFO

MARCH 29, 2024

By knowing where budgeted funds actually end up, you reduce the chance of fraud or inaccuracies in your financial statements. Accurate data also helps you stay in compliance with legal regulations and tax laws, such as annual IRS filings. Our dedicated team of nonprofit accountants can help you review your budget to actual reporting.

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The Charity CFO

AUGUST 15, 2023

Compliance Like traditional accounting positions, nonprofit accountants have to ensure compliance with tax laws and regulations. While many of these roles are similar to those of a traditional business, it’s still advantageous for accountants to have nonprofit expertise.

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