Nonprofit Management Consulting in Boston, Massachusetts
The mission of your nonprofit should be at the heart of your company. When you are operating a nonprofit, maximizing your time often means focusing your efforts on relationships, funding, and getting known in the community. Indigo Associates handles accounting and financial statements so you can focus on the mission of our organization. We provide accounting and bookkeeping support to small companies. In addition, our experts are able to use their analysis to make recommendations for your specific needs relating to nonprofit management consulting in Boston.
Accurate Reporting with Our Nonprofit Accounting Support
Running a nonprofit comes with its own set of difficulties, many of which relate to reporting your numbers accurately. Because your funding relies on federal, state, and local sources, accurately representing your organization is essential. We keep track of your accounting and financial statements so you are always on top of your numbers. Preparation of these reports lets you know what money you have to spend, what you owe, and if anyone owes you. Nonprofit accounting support compiles, opens, and closes your income statements, balance sheets, and statements of cash flows.
Our staff has experience working with all levels of internal management and explaining the numbers to funders that are private or governmental. You do not need to be an accounting or finance expert to successfully run, and grow, a nonprofit when our team is on your side.
Nonprofit Financial Analysis of Indicative Margins
There are several financial margins that are especially important for nonprofit organizations. Our team prepares these top indicators of financial health so you can thoroughly assess opportunities. When you are so involved in a cause, it is essential to take a step back and look at it practically and without emotion. Nonprofit financial analysis can reveal:
- The Reliability of Your Recurring Revenue Streams
- Any Amount of Consistent Surplus
- Measures of Liquidity
- Your Ability to Manage Your Debt
- Stewardship of Maintenance and Replacement of Assets
- If You Cover the Full Cost of Doing Business
- How You Compare to Your Peers
Closing the Books Monthly and Quarterly Statements
Just like public companies have an obligation to their shareholders, a nonprofit has the same obligation to its stakeholders. We utilize QuickBooks as the primary platform for recording your accounting numbers. This program is simple to use and is designed for people that are not accounting experts. You simply select certain options and are able to run reports at the click of a button. Our hands-on service makes it easy for you to make educated business decisions while keeping your stakeholders informed on a monthly, quarterly, or yearly basis.
Look no further than our company when you need nonprofit financial analysis support. Contact us for much-needed assistance in maximizing the impact your nonprofit makes in its sector. We are proud to provide services to clients in Boston, Massachusetts, and in the Greater Boston area.Contact us