Why Should My Nonprofit Outsource Its Accounting?

5/3/2021

Executive Directors - this is for you. Imagine walking into your board room with expert level financial knowledge of your organization. Sounds pretty powerful, right?! Better yet, you and your team didn't spend all day catching up on financial data entry and report production. You have people to do that (wink, wink, you have Blue Fox).

Now, how should you use those extra hours? It’s simple. You and your staff can focus on your mission and serving your community. That’s a win, win!

The only question is why didn’t you outsource sooner? Today’s financial technology options and integrated communication platforms make the process seamless. Plus, your data will always be up-to-date, you’ll have access to information anywhere anytime, and with Blue Fox, you gain a true partner and financial expert.

Here are a few more reasons why outsourcing your nonprofit accounting is a better option now more than ever. You organization will be able to:

Keep costs predictable and manageable, even in a growth phase
Save on payroll expenses (accounting staff)
Stop worrying about the books
Streamline internal processes and leverage technology
Create useful, meaningful data to inform your organization’s fundraising, direction, and strategy
Leverage your leadership and time for the big picture and leave the bean counting to the professionals

The real question is: why NOT outsource your accounting function?
And who better to partner up with than a company like Blue Fox (that’s us) that tailors service to the social impact sector?

We employ experienced nonprofit gurus to get the job done – whether it’s virtual CFO service, controller-level oversight, bookkeeping, payroll, tax preparation, or financial coaching, outsourced service providers can provide you the insights and information you need at a fraction of the cost of an employee.

If you’re looking to outsource any of your nonprofit or social impact organization’s back-office operations, feel free to give us a call at (321) 233-3311 or email us at [email protected]. If you need 10 more great reasons why you should outsource, check out our free downloadable infographic below.