NGO/NPO Accounting.
We offer a specialised service for NGO's to manage their accounting needs.
We understand that NGO's have some special accounting challenges that most commercial companies do not:
- High turnover of accounting staff
- Dealing with reporting in multiple periods based on funder requirements
- Dealing with transactions in foreign currency
- Dual system of allocations based on annual audit needs vs funder requirements
- Cash flow and variance reports constantly required to report to funders
- Inability for accounting software programs bought off-shelf to deal with these requirements
- Prohibitive cost of specialised accounting software
- Tight deadlines set by funders
- Unskilled admin staff working on a volunteer basis unable to cope with the accounting needs
We offer a full outsourced accounting function:
- We train your admin staff and increase levels of controls
- We setup systems for accounting processing with your admin staff
- We've developed out own software to process the accounts so that you can receive project reports for funders as well as accounting reports for statutory requirements
- We provide you with funder reports prepared monthly with budget, actual and variance calculations, so that you can manage your spend on each project
- We provide you with consolidated reports for whatever period is required (even if it spans year ends) for funder reporting
- We do all the other normal accounting functions - Payroll, VAT, PAYE, Audit preparation
Our rates are competitive and you will have the comfort of placing this crucial function of your organisation in professional hands.