Client Accounting and Advisory Services

Legacy Professionals LLP's provides outsourced accounting and advisory services to nonprofit and other types of organizations.  

With a shortage of accounting professionals, and the significant amount of turnover of accounting professionals in recent years, finding high-quality talent in the accounting industry is becoming increasingly difficult for organizations to navigate. In light of this environment, it can makes sense for organizations to outsource their internal accounting functions.   We provide outsourcing solutions that cost-effectively improve finance and accounting functions. 

As such, there is a growing demand for Client Accounting & Advisory Services (CAAS). With a team-based approach our fantastic CAAS team provides the following services to our clients: 

Bookkeeping 

Services include recording receipts and disbursements, assisting clients with vendor payments, preparation of monthly bank and credit card reconciliations.  We train your organization's staff to use accounting software to its fullest potential and fill in the gaps as needed.  

Reporting

Services include preparation of financial statements to include Statement of Financial Position, Statement of Activity, Budget to Actual.  In addition, we can also review financial statements with an organization representative tasked with presenting financials to the governing board or present the financials and provide assistance with answering questions.  Other reports custom to each organization can be designed (grant tracking, cash flow projection, program-based results) to meet the needs of individual clients.

Additional Consulting Services  

• Assist in budget preparation and cost allocations between program, fundraising and management & general to align with tax reporting
• Advise regarding QuickBooks functionality and utilization including updates to chart of accounts and reporting
• Review internal control procedures and recommend improvements to organization processes. This could include reviewing expenditure trends and streamlining wherever possible, advising on appropriate record retention and coordinating revenue reconciliation efforts between donor database and organization’s financial accounting system
• Provide guidance in the audit process, through preparation of workpapers and gathering requested documents for external auditors
• Conversion to QuickBooks online platform and others has become increasingly necessary in today's remote environment.  We can assist and train staff as needed during the conversion process.

• Provide training for new and current board members in order for them to understand their roles and responsibilities to the organizations. 

We can provide such services to all types of organizations. Services, frequency and location of services are customized to each organization’s specific needs. If you would like more information, please contact Julie Tucek at jtucek@legacycpas.com to set up an initial conversation about working together.