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Accounting Systems Review

Help U-Turn with feedback and recommendations on their accounting practices to improve their financial recordkeeping, reporting, and planning.
U-Turn
Richmond, VA, USA
U-Turn
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U-Turn
Richmond, VA, USA

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Cause
Community & economic development
Skills
Accounting

Posted January 18th

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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 an Director of Finance who handles AP/AR and booking, which should make it easy for you to get started. We also have Quickbooks online and Merchant Processor Info, and the ability to provide any other information you need.
How this will help
This project will save us $35,549 , allowing us to put those funds back into the organization's operating budget

Accountability and Projections are needed but first start with producing the right financial reports for the organization

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

U-Turn
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Causes
Community & economic development Health & nutrition Youth development
Posted by
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Adrienne W.

President + CEO

Our mission

www.u-turn.org

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Fantastic Organization excellent.CEO
Karen S.
Karen S.

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