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"It was a pleasure working with FMA. Their expertise provided us with tools, knowledge and guidance that made us more cohesive, provided greater focus and sharpened our management team's expertise."
Lawrence Carter
Controller,
Iris House
FMA's fiscal consulting services will help your nonprofit develop the tools to monitor and manage its financial performance.
Our consultants can work directly with your senior management team to:
- Calculate costs-per-unit of services your organization delivers
- Allocate costs among programs and operations
- Develop effective budgets and cash flow management tools
- Refine your chart of accounts to most appropriately track revenues and expenses
- Design financial reports for use by management and funders
In addition, FMA can assist your senior management team on an ongoing basis by functioning as your organization's "virtual" Chief Financial Officer, ensuring that financial information is produced properly and is analyzed, interpreted, and used to make the best decisions for your organization. Our outsourced fiscal management services include:
- Facilitating contract compliance by serving as Grants Manager, including vouchering and reporting as needed
- Training internal fiscal staff on not-for-profit accounting methods and use of software systems
- Attending finance committee and board of director meetings to present the organization's financial results
- Augmenting internal fiscal staff during busy or transitional periods
- Assisting with audit preparation, including OMB A-133 audits, and reviewing the auditor's draft financial statements before issuance
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