Level 1: Controllership/Bookkeeping Fundamentals
“Level 1 ensures your organization has accurate, audit-ready books delivered on time every month, enabling you to focus on your mission while we handle your financial fundamentals.”
This service includes:
- Highly Experienced Financial Team
- A dedicated team of 2-3 professionals, each with undergraduate degrees (and often master’s degrees) in accounting or finance.
- Team members have 10+ years of relevant work experience, with many holding or pursuing Chartered Accountant (CA) designations—an internationally recognized credential above the CPA standard in the U.S.
- Deep understanding of your unique operational environment ensures seamless service delivery.
- Comprehensive Bookkeeping
- Accurate recording of all financial transactions
- Management of accounts payable and receivable
- Tracking program fees, contributions, and deposits
- Handling payroll transactions and employee liabilities
- Specialized Non-Profit Expertise
- Management of donor-specific fund restrictions
- Tracking of membership annual revenue recognition
- Compliance with non-profit accounting standards to ensure regulatory adherence
- Personal Financial Controller
- An accounting leader/manager serving as your organization’s controller
- Design and implementation of modern internal controls
- Monthly Close Process
- Structured and timely monthly financial close
- Thorough balance sheet reconciliations
- Review and management of the Chart of Accounts
- Enhanced Financial Reporting Package
- Detailed Profit and Loss Statement (P&L)
- Comprehensive Balance Sheet
- Cash Flow Forecast
- Custom supporting schedules tailored to provide actionable insights into your organization’s financial performance
- Technology Enablement
- Expertise in financial software like QuickBooks and Microsoft Office products
“By choosing Level 1, you gain access to a highly skilled team that ensures accurate bookkeeping while providing foundational financial clarity needed for organizational success.”
Contact us for further information or visit www.vestedway.com for more information.
