Nonprofit Team Holding Hands

Nonprofit Consulting Firm

Tackle Your CFO To-Do List

Nonprofits are increasingly using external CPAs for portions of their financial reporting, project management, and accounting needs. Working with an experienced, professional team of nonprofit advisors can help save you time and money while increasing your peace of mind.

  • Monthly close process
  • Nonprofit financial reporting
  • Grants management and compliance
  • Audit preparation, including Single Audit
  • Budget development, process, and execution
  • Implementation of new accounting standards
  • Financial operational assessments
  • Policies and procedures
  • Executive and nonexecutive compensation consulting
  • Other projects on your CFO to-do list

Contact an advisor or submit a proposal request at nfp@bkd.com.

Strategic Financial Outsourcing

Whether you’re looking for managed services like outsourcing your accounting function or assistance in streamlining operations, BKD has tailored solutions to help your nonprofit succeed.

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Accounting Support & Virtual CFO Services

Many CFOs find there isn’t enough time in the day to accomplish everything. Our experienced professionals can assist you by providing project management related to crucial tasks, including monthly reporting dashboards and closing, audit preparation, reviewing and streamlining processes, cash flow forecasting, and more.

Budgeting & Cash Flow Planning

Financial planning, projecting, and analysis are critical to sustaining success. Our BKD Trusted Advisors™ have the tools and know-how to assist business leaders in creating and maintaining a cash flow plan to help predict and manage your top priorities. Steps to cash flow planning include:

  • Analyze quote-to-cash and procure-to-pay timelines
  • Determine capital spending needs
  • Identify financing sources
  • Document the plan in an easy-to-use, adaptable format

Our expertise, tools, and templates also can help you meet your business goals through all phases of the budgeting process. BKD can assist with:

  • Version control and spreadsheet management
  • Financial data analysis and KPI development
  • Revenue forecasting models
  • Budgeting software assessment

Grant Management & Compliance

BKD can help you with grant management and compliance by providing consulting services that look at areas a regulator could scrutinize. During our grant consulting procedures, we don’t just evaluate areas of noncompliance. We look for opportunities to advise you of more efficient ways to comply with federal, state, local, and donor regulations and help you reduce the risks of sanctions or reduced funding.

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Implementation of Accounting Standards

Complying with new standards is crucial. However, with your staff already balancing many tasks, it can be challenging to find the time and resources to incorporate new industry guidance correctly. Whether you’re just starting or need help reaching the finish line, BKD can help your organization plan, prepare, and implement new accounting standards.

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Financial Operational Assessments

BKD can provide an assessment of your current operations by evaluating a number of areas, including vendor contracts, financial procedures, staffing and structure models, segregation of duties, financial metrics, allocation methodologies, and more. Based on the assessment, BKD can provide best practice recommendations and help implement them.

Policies, Procedures, & Internal Controls

You can gain confidence in your policies and procedures as we help you navigate which procedures are needed and how to keep them up to date and evaluate whether your teams comply with your existing internal policies.

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Internal Auditing & Internal Controls

Our external audit services are all about assurance for outside parties, while our internal audit services are all about your internal fiduciary responsibilities and needs. Whether you need assistance on a project-by-project basis, guidance on internal control design, establishing an internal audit department, or complete outsourcing of your internal audit needs, BKD can help.

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How can we help you?

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Locations

We have 40 offices in 18 states, with BKD Trusted Advisors™ who offer solutions for clients across the country.

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