Your bookkeeper manages the daily transactions in your business.
She enters your bills, invoices your donors, reconciles your bank accounts, and makes sure the numbers are accurate and booked to the correct categories.
She probably knows Quickbooks Online like the back of her hand.
She keeps your records organized, legit, and ready for your auditors or the 990.
A bookkeeper is usually a leader's first finance-related hire.
Your accountant is your tax guru. She understands IRS requirements, business structures, different forms to file, and annual deadlines for the 990 and state charity filings.
Your accountant may also be your auditor and is likely a CPA.
Your CFO is your business finance expert.
We review your numbers and draw insights and trends from those numbers, giving you more information to make smarter decisions for your organization.
Our one and only interest is providing more insight into YOUR NONPROFIT – not making money in the stock market or ensuring we are complying with the IRS.
Without a CFO, you have virtually no way to make your numbers work for you strategically.
Your CFO focuses on how to make your nonprofit strong and sustainable based on your numbers.
A financial planning advisor helps you understand how and where to invest your money, perhaps if you have a large reserve or endowment fund. They help with long-term financial planning and will get you on the path to achieving your goals.
They may also help with insurance needs or employee retirement plans. They are often a Certified Financial Planner (CFP) – just make sure she is a fiduciary.