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Dolph and Kelsey Vatsaas, principal at CliftonLarsonAllen, discuss ways to streamline operations within the nonprofit finance department to improve efficiency, accuracy, and audit results. A good place to start? Step back and ask, “Do we actually use this information?” Learn what to track and what to let go. Links: Kelsey’s Firm CliftonLarsonAllen: www.claconnect.com Read Kelsey’s Blog: Signs of Finance Department Dysfunction and What to Do About It Freemium: Contact Kelsey for a Free 30-minute Consultation *****Timestamped Highlights***** (5:08) A record breaker: The client with a whopping 1,800 ledger accounts (9:48) Getting federal grants can be a good time for reflection (12:28) Don’t be scared to ask for help (14:35) A Gamechanger: Negotiate the Indirect Cost Rate (20:35) Show some flexibility with your audit timeline (22:32) Approaching your auditor when things don’t make sense (25:15) The management letter: a useful and under-utilized tool (30:25) Kelsey’s Wedding: a dysfunctional function? Nah. |
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