IMPACTING THE WORLD ONE ACCOUNTING CHALLENGE AT A TIME

our company

We are a team of accounting professionals dedicated to helping nonprofit organizations fulfill their missions through strong financial management. We accomplish this by providing affordable accounting services, great technology, and super responsive support.

Our Clients

NFP Partners serves nonprofits and special governmental organizations from small-to-mid-sized located in all parts of the USA with some concentration in Colorado.

Outsourced Accounting

We offer a full range of outsourced accounting services to nonprofit organizations, from basic financial management to higher-level CFO support.

Software Consulting

We implement and support award-winning nonprofit accounting software including the popular Abila MIP Fund Accounting™.

Hours of Audit Preparation

Active Clients

Cups of Coffee with Clients

Make Your finances a Priority.

we certainly will.

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A few hours of consultation saved dozens of hours of future staff time on our end. NFP Partners was a life saver and a smart investment!

Carolyn Moller, Accounting Manager

 

Services

NFP Partners’ aims to impact the world, one accounting challenge at a time. We do so by helping our clients meet the challenges of growth, operational efficiency, accountability, and regulation. Furthermore, NFP Partners offers extensive experience in the not-for-profit sector and a deep understanding of accounting technology tools.

Whether employing our customized accounting services, implementing accounting software, hosting your software, along with super-responsive support, you can count on us to exceed expectations. Your financial management will rise to the top and your auditor will love you!

The Ultimate Guide to Outsourced Nonprofit Accounting Services

For over 10 years, NFP Partners has provided nonprofit and governmental organizations with expert consulting and top-notch customer support through outsourced nonprofit accounting services.

With years of expertise, comes the opportunity to answer all of your organization’s questions are they relate to outsourced nonprofit accounting services. Does your organization need outsourced nonprofit accounting services? Is the cost of outsourced nonprofit accounting services more expensive than maintaining your organization’s accounting in-house? Find the answers to these questions and more.

Articles of Interest

How to Make Sure Your Auditor Loves You

Most nonprofit organizations require an annual audit by a CPA. Smaller organizations can get by with what is called a review – or an “audit light.” For personnel who work in the accounting department, it’s too often anxiety time.

Relax, if you are routinely generating financial statements that are accurate, timely, and relevant to the various stakeholders, an audit can be an event to look forward to. It will affirm your worthiness and set-up high-fives all around. It will also ensure your financials are where they should be, as detailed in Accounting Today’s article, Are the Numbers Right?

If, as a nonprofit, your financial reporting falls short of five stars (i.e., a clean audit), don’t despair; you will know what must be done to get there next year. (more…)

Five Indicators Signaling Your Nonprofit is Ready for Outsourced Accounting Services

A common headache and time drain for growing nonprofit entities is how they manage their accounting functions. Trying to find, and maintain, reliable, timely and trusted employees to handle bookkeeping and some higher-level accounting services can be difficult, if not impossible in a competitive workforce.

As agencies and the need for supporting systems grow, the workload and responsibility often fall to one person. This can lead to a financial control crisis. A considerable amount of time needs to be spent managing people, processes and procedures to promote a quality financial structure. Luckily, with today’s technological advances, significant benefits and efficiencies can be gained by outsourcing the accounting function in part or in whole. But, how do you know when it’s time to consider making an investment in accounting services? read more…

What to Expect from Your Outsourced Nonprofit Accounting Investment

Once you have made the decision on hiring an outsourced accounting firm and have signed the contract what can you expect? Here are the main things:

An outsourced nonprofit accounting provider should perform the work accurately, timely, and within budget

This is the most essential expectation that must be met, further characterized by:

  • Personnel who are competent for the tasks performed with adequate supervision
  • Internal controls implemented and documented that are scaled to the nonprofit
  • Accurate, compliant, relevant and timely financial reports
  • Timely, honest and meaningful communication with the Board, executive management and staff
  • Overall consistency and predictability (e.g., NO SURPRISES!)

The outsourced nonprofit accountant should make use of the appropriate technology

Expect your outsourced accounting firm to utilize, or recommend, the technology tools that are appropriate. This technology should be scalable to the size and complexity of the nonprofit’s accounting. One size does not fit all; meaning, deployment of new technology should meet the test of providing added benefits and pay for itself (e.g., leading edge, not bleeding edge). To learn more on how your nonprofit can select the appropriate accounting software, click here.

An outsourced nonprofit accounting firm should maintain professionalism

This term has several attributes:

  • Competency of personnel assigned at the various levels from bookkeeper to CFO
  • Continuity of personnel assigned with pre-notice of changes when necessary and transitions that do not add to the cost of the engagement
  • General personal bearing, dress, and manners
  • Openness and honesty in communications (e.g., recognizing potential problems and offering solutions before growing out of control)
  • Expect and actively seek feedback on performance
  • Punctuality and promptness in responding to phone calls, texts and emails
  • Not getting involved in office interpersonal rivalries and intrigues
  • Confidentiality with outside parties

The outsourced nonprofit accountant should know when to withdraw from the engagement

Although most nonprofit outsourced accounting engagements are long lasting and positive, they usually come to an end at some point. Some end earlier because of the client’s failure to comply with the terms of the engagement, often exemplified by payment issues. Other reasons include termination of operations, merger or acquisition, or growth that necessitates a full-time in-house staff. Occasionally, some nonprofits find it difficult to adapt to not having a full-time internal accounting staff on-site. However, others may find utilizing modern technology difficult. Whatever the reason, the outsourced accounting firm should be expected to withdraw gracefully and provide for a smooth transition.

For more information on outsourced nonprofit accounting services, contact us today or visit our Ultimate Guide to Outsourced Nonprofit Accounting.

“Impacting the World One Accounting Challenge at a Time”

Testimonials & Featured Clients

Potomac Management Resources

“NFP’s pricing was competitive, for bookkeeping, but their attention to detail, interest in our business, and willingness to work with our model put the company over the top compared to the other bidders. NFP helped with templates to make the transition easier, and management was hands-on and attentive during the process.”

Got a Question?

NFP Business Management Partners LLC

3570 E. 12th Ave

Denver, CO 80206

Phone: (303) 586-5011