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Daily Balance Inc.

🚀Nonprofits

1y ago

Welcome to my Typeshare Gallery. I'm a CPA. My firm focuses on the bookkeeping needs of non-profit organizations. We have been doing this for a very long time. Contact us; you won't regret it.

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Syd Highley, CPA
The Nonprofit Leader’s Guide to Outsourcing: 3 Skills You Can’t Afford to Miss
by Syd Highley, CPA Daily Balance Inc

Executive directors have contacted me in frustration and even panic about their accounting mess. Before we can begin to explore working together, it's crucial to understand the importance of three skills every director must have. These skills are not just theoretical concepts but practical tools that can cut through conventional thinking and explore better ways of getting things done.

The three tips are:

  1. Analytical Thinking: The ability to evaluate current bookkeeping workflows, identify holes in the system, and determine how outsourcing could address them.

  2. Decision-Making: Skills to weigh the pros and cons of outsourcing, considering factors like cost, expertise, and alignment with organizational needs.

  3. Communication: Strong communication skills to articulate financial needs and expectations to potential outsourcing providers and internal stakeholders.

When a nonprofit leader can clearly describe their situation and needs, they are well on their way. Outsourcing is only the solution for some. However, it is a viable alternative to hiring and managing employees for most organizations with revenue between $750,000 and $5,000,000. 

Recently, I was contacted for help. The director didn't know how things were being done. As we talked, however, she demonstrated her ability to analyze the situation and make decisions. Her well-thought-out questions showed her to be an excellent communicator. I concluded my team could help her.