Are your organization’s financial policies and procedures in need of a facelift? Don’t know where to start or don’t think you have the time? NFP Partners can assist you in designing and implementing a robust financial policies and procedures manual that will provide continuity and peace of mind within your accounting department for many years to come. Most people realize the importance of an investment in strong financial policies and procedures, particularly within nonprofit organizations. A sound financial policies and procedures manual, when followed accordingly, ensures consistency of business operations, adequate protection of the organization’s assets, and eliminates confusion among varying roles and responsibilities and in times of employee turnover. We recently discovered a very thorough and flexible template for nonprofit financial policies and procedures designed by Compass Point.
The template encompasses the best practices and basic tenants of a robust financial policies and procedures manual, and prompts all the right questions an organization looking to improve its internal controls should be asking. During the last few months, we have been customizing and implementing the Compass template for many of our existing accounting services clients. We have been extremely pleased with the results, and are eager to introduce it to your organization and assist you with the implementation process. Though it may seem at first that this would be a time consuming and expensive process, this customizable template and our expert implementation process make it quick and simple to put the best financial practices in place for your organization. Please contact us today for more information or to get your organization started.