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Accounting Systems Review

Help Suitup Incorporated with feedback and recommendations on their accounting practices to improve their financial recordkeeping, reporting, and planning.
Suitup Incorporated
New York, NY, USA
Suitup Incorporated
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Suitup Incorporated
New York, NY, USA

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Education
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Accounting

Posted June 26th

Accounting Systems Review

Project details

What we need
  • Analysis of accounting needs and assessment of Organization’s current accounting practices
  • Recommendations for process improvements for enhanced reporting
  • Recommendations on appropriate bookkeeping system such as a spreadsheet or Quickbooks and related costs (if necessary)
  • Note: This does not include accounting systems set up or implementation
What we have in place
  • We currently have Quickbooks, quarterly financials, annual financials, which should make it easy for you to get started. We also have Budgets, and the ability to provide any other information you need.
How this will help
This project will save us $8,564 , allowing us to Serve 3200 students this year

SuitUp is a lean team and is looking to hire additional program staff. In order to do, SuitUp is looking to see where we can cut so we have additional spending for programs. SuitUp also doesn't have a staff member solely focused on finances which could cause overspending.

Project plan

P
Prep: Distribution of Prep Materials
  • Proficiency with spreadsheet and/or software accounting
  • Understanding of any local regulations or laws that would affect Organization's accounting needs
1
Milestone 1: Analysis & Recommendations
  • Volunteer Manager communicates current accounting needs and practices to Professional
  • Volunteer Manager provides a chart of accounts or operating budget, and any financial statements currently being generated (e.g. statement of financial position, statement of activities, or statement of cash flows), outlining current operational constraints with existing system
  • Volunteer Manager conveys any budget and capacity considerations that might apply to ongoing bookkeeping management
  • Note: If necessary, Volunteer Manager should have Volunteer sign a Non Disclosure Agreement (NDA) prior to sharing and discussing Organization’s financial information.
2
Milestone 2: Final Deliverable
  • Professional provides revised list of recommendations, along with cost estimates and preferred vendors to use for implementation
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About the org

Suitup Incorporated
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Causes
Education Youth development
Posted by
Lauren R
Lauren R.

Executive Director

Our mission

SuitUp provides business competitions that connect corporations with schools in low-income communities to increase student career awareness and marketable skills.

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