Legacy Professionals LLP's provides outsourced accounting services to nonprofit organizations. There has been a growing demand for Client Service Accounting -- information on services we provide is listed below:
Services include recording receipts and disbursements, assisting clients with vendor payments, preparation of monthly bank and credit card reconciliations. Additionally, we can review expenditure trends and recommend streamlining and automation wherever possible, to make processes simpler for clients (i.e. autopay utilities, electronic banking, etc.).
We train organization staff to use accounting software to its fullest potential (i.e. invoicing for membership dues to email members, tracking donor information, segregating financial activity by program).
Services include monthly/quarterly preparation of financial statements to include Statement of Financial Position, Statement of Activity, Budget to Actual. We can also review financial statements with an organization representative tasked with presenting financials to the governing board. Additionally, we can present the financials and assist with answering questions.
We can assist in budget preparation and tracking results against the budget throughout the year. We can work with the organization with regard to budget formulation. Additionally, we can assist with QuickBooks functionality and utilization.
We assist the client in gathering a list of documents requested by the auditor to minimize time spent by auditors on fieldwork. We can also work to prepare specific workpapers. We update and maintain internal control procedures regarding organization processes that occur/change throughout the year. This service can also be performed semi-annually.
Conversion to QuickBooks online platform and others has become increasingly necessary in today's remote environment. We can assist and train in this and other areas.
We can provide such services to all types of organizations. If you would like more information, please contact us.