Across the Not-for-Profit sector, accounting and finance teams can often find themselves stuck in crisis mode, without a way forward or resources to solve their problems. At other times, teams can navigate the status quo, but growth or improvement is out of the question. In either instance, NFPs can find themselves in the common position of being stretched too thin. What solutions are out there?
Jason Sturdevant, NFP Accounting Advisory Manager, and co-host Blakeley Richard, NFP Accounting Advisory Senior Associate, join forces to discuss some examples of NFP accounting teams that were struggling to juggle day-to-day needs with broader compliance or strategic goals. Jason and Blakeley will also highlight a couple instances in which NFPs leveraged Cherry Bekaert’s Accounting Advisory team to overcome staffing challenges, complex accounting matters and organizational barriers to move toward thriving.
As part of Cherry Bekaert’s Not-for-Profit podcast series, this episode covers:
- Navigating the challenges of turnover in key finance positions
- Working through common trouble areas for colleges and universities
- Tackling technically complex tasks with limited capacity
- Creating tools for challenging accounting areas
- Developing plans for strategic growth for finance teams
- Opening up resources for training and team readiness
- Working with Cherry Bekaert’s NFP advisory team on a wide array of projects
- Outcomes for specific organizations that worked with the NFP advisory team
Cherry Bekaert’s Not-for-Profit Accounting Advisory team manages all types of complex technical accounting areas, whether that’s assisting with year-end close, supporting transition of personnel or guiding your finance team through organizational changes. If you have any questions specific to your business needs, contact Blakeley Richard or Jason Sturdevant to discuss your situation.
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