Outsourced Nonprofit Financial Management Services

Lescault & Walderman offers a comprehensive nonprofit financial management service. Our dedicated team of expert accountants helps nonprofits with all aspects of nonprofit accounting and financial management. They can manage your nonprofit accounting processes from budgeting, reporting and strategic planning requirements.
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Systemize Your Process While Reviewing Financial Data

Our financial management team can help you produce reliable budgets, on-time reports, and confident projections to help your nonprofit organization remain financially stable.

Defined Budgeting Strategy

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Outline your specific budgeting goals to create operational boundaries for staff and board members.

Transparent Reporting

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Ensure financial documents accurately reflect your organization’s short and long term positions.

Cohesive Strategic Planning

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Forecast your financial situation to make smarter business decisions.

Nonprofit Financial Management that Works for You.

  • Does your current budget establish deadlines and responsibilities for all parties involved?
  • Can you produce accurate financial reports on time that satisfy nonprofit reporting requirements?
  • Can you effectively project your financial situation in the future based on key performance indicators (KPIs)?
  • Does your organization have the required nonprofit financial management skills to maintain operations?
  • Are you facing a lack of resources to implement nonprofit financial software that will work for your organization?

NFP Financial Management Solutions with Lescault and Walderman

An effective nonprofit financial management system will create the accounting foundation needed for your organization to extend its geographic reach and accomplish your goals. Before you can serve your audience, you must build the right nonprofit accounting infrastructure to support your core mission.

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We are here to help you grow.

As someone who is passionate about serving the community, we expect that you enjoy the macro-level planning of your organization. Sometimes, little details can be missed. Although they may not seem important, oversight of these details can create severe issues down the line. We admire your drive to help as many people as possible because we dove into the accounting world for the same reason.

At Lescault and Walderman, we work alongside organizations like yours to provide systematic budgeting and financial management for nonprofit organizations. Our team will create adequate accounting infrastructure so that you can focus on the short and long term goals of your mission.

Your nonprofit’s budget will be the driving force behind all of your decision making. Making clear classifications between revenue, deferred revenue, expenses, and other line items will paint a clear picture of where you currently stand and provide some insight as to where you want to be.

Nonprofit reporting requirements are similar to your typical small business GAAP standards, but there are some significant differences, such as donor reporting requirements, that you must keep in mind as you forge your financial records. The ability to create accurate reports on time will ultimately save you from potential headaches down the line.

We assume that you started your nonprofit to help as many people as you can. As your audience grows, your accounting fundamentals must evolve as well. Our team of nonprofit experts will help you plan for the future and make realistic projections for the next year, five years, and beyond.

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When you don’t maintain an effective nonprofit accounting system it can cost way more than it saves. You risk legal consequences. Worse, you risk the loss of donor trust.

It doesn’t have to be this way.

Here's how to get started:

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1. Schedule a No-Obligation Call

Your time is valuable, and we don’t want to waste it. Let’s schedule a discovery meeting so we can discuss your needs and confirm there’s a fit.

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2. Receive Your Accounting Review

We'll review your accounting documents, then provide you with a customized report that includes our findings and our recommendations for moving forward.

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3. Attend Review Meeting

We'll host up to a 2 hour meeting to review our findings and recommendations, answer any further questions and outline how we'll work together.

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4. Review Your Proposal

Working from our review, we’ll provide clear and actionable recommendations for improvement related to your particular processes, software, and systems.

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5. Engage Us For Your Needs

If you approve of our recommendations, you’ll sign an engagement letter and we’ll start work!

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Download our free guide to help grow your business:

A Beginner's Guide to Grant Accounting

Frequently Asked Questions

Financial management for nonprofits is measured by four key metrics.

1) Program efficiency

The ability to achieve goals through efficient use of resources. Transparency and accountability validate public trust and secure ongoing support from funders.

2) Administrative efficiency

The optimal use of financial management, human resources, regulatory compliance, and other operations to improve productivity and performance.

3) Operational sustainability

Outsourced financial management frees staff to focus on long-term operations, programs, and services. Longevity requires strategic planning, resource management, revenue generation, adaptability, and relationship building with funders. 

4) Fundraising efficiency

Nonprofit financial management services help organizations maximize ROI and reduce fundraising costs. This provides financial stability, which increases their capacity to continue their mission.

(Read more on accounting software for NPOs.)

Successful management and measurement of nonprofit financial management metrics require knowledge of NPO-specific finance for nonprofit organizations. This is easily handled by outsourcing companies.

Financial management for nonprofits is tricky and NPOs would rather use their limited resources to continue their good work than employ a full-time finance manager. Outsourced financial management is the solution as you only pay industry experts for the services you require. 

Nonprofit financial management service specialists ensure that NPOs' finances comply with state and federal regulations, preventing expensive penalties for noncompliance. Without challenging finances to deal with, organizations can devote all their time and energy to their core activities.

(Read more about budgeting and forecasting for NPOs.)

Outsourcing to experts who manage finances for nonprofit organizations removes all finance-related concerns. You don't have to worry about things like nonprofit bookkeeping challenges because they're all well-taken care of. 

Outsourcing nonprofit financial management services enables organizations to put their core mission front and center. Moreover, they benefit from expert advice and guidance from experienced professionals who specialize in the sector. Additional benefits include:

  • Outsourced financial management helps NPOs implement best practices that optimize and distribute funds.
  • Impartial and independent viewpoints for objective problem-solving and decision-making.
  • Reduced recruitment and training costs and additional savings on salaries, etc. because you only pay for the services you need.
  • Outsourcing financial management for nonprofits increases efficiency, productivity, and performance, as well as accuracy in reporting.
  • Finances for nonprofit organizations are managed in a way that contributes to NPOs' resilience and longevity.

Outsourcing nonprofit bookkeeping and other financial services lightens the load for NPOs that can pour all their energy into service delivery and possible expansion.