How to Overcome Reporting Challenges with In-Kind Contributions
In-kind contributions, or gifts-in-kind (GIK), play a critical role in supporting not-for-profit organizations’ program activities and mission goals.…
Read Full ArticleConcentrate on fulfilling your mission while we focus on the financials to grow your organization.
Anders works with a range of leaders and professionals in the not-for-profit industry, including:
We moved a small not-for-profit organization to Office 365 using a large vendor discount. Employees can now utilize email and collaboration tools, and easily access and share documents at a fraction of the cost.
While auditing a labor union client, we encountered difficulties with reconciling the numerous categories of dues revenue during analytical testing. The client’s process for classifying revenue receipts and allocating the correct amounts from various income streams required time-consuming calculations each week by the client and was subject to human error. The client’s office manager was spending between 20-25 hours a month performing all of the manual calculations needed to allocate the dues categories based on the manner she received the deposit data from their third-party administrator.
The Anders team was able to develop a process to automatically calculate the various income allocations and populate a journal entry each week. The new revenue allocation process cut the client’s time from 20+ hours per month to 1-2 hours at maximum and will make future audits more efficient.
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