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Accounting Systems Review

Help Live It Learn It with feedback and recommendations on their accounting practices to improve their financial recordkeeping, reporting, and planning.
Live It Learn It
Washington, DC, USA
Live It Learn It
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Live It Learn It
Washington, DC, USA

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Education
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Accounting

Posted October 7th

Accounting Systems Review

Project details

What we need
  • Analysis of accounting needs and assessment of Organization’s current accounting practices
  • Recommendations for process improvements for enhanced reporting
  • Recommendations on appropriate bookkeeping system such as a spreadsheet or Quickbooks and related costs (if necessary)
  • Note: This does not include accounting systems set up or implementation
Additional details

Our Quickbooks Online bank register doesn't match with our bank statements, likely from transactions that were entered many years ago. We need help finding out where the difference is.

What we have in place
  • We currently have Staff member responsible for Organization's bookkeeping, which should make it easy for you to get started. We also have the same staff member, and the ability to provide any other information you need.
How this will help
This project will save us $8,564 , allowing us to obtain a clean audit in the future and spend more time with our day-to-day bookkeeping

Our financials are currently not in balance, so it's hard for us to get a clear sense of all our numbers.

Project plan

P
Prep: Distribution of Prep Materials
  • Proficiency with spreadsheet and/or software accounting
  • Understanding of any local regulations or laws that would affect Organization's accounting needs
1
Milestone 1: Analysis & Recommendations
  • Volunteer Manager communicates current accounting needs and practices to Professional
  • Volunteer Manager provides a chart of accounts or operating budget, and any financial statements currently being generated (e.g. statement of financial position, statement of activities, or statement of cash flows), outlining current operational constraints with existing system
  • Volunteer Manager conveys any budget and capacity considerations that might apply to ongoing bookkeeping management
  • Note: If necessary, Volunteer Manager should have Volunteer sign a Non Disclosure Agreement (NDA) prior to sharing and discussing Organization’s financial information.
2
Milestone 2: Final Deliverable
  • Professional provides revised list of recommendations, along with cost estimates and preferred vendors to use for implementation
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About the org

Live It Learn It
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Causes
Education Arts & culture Science & technology
Posted by
FL
Florence L.

Volunteer manager

Our mission

Live It Learn It (LILI) envisions a day when all learners feel empowered and motivated to engage with the world. We bring this vision to life by partnering with schools and cultural institutions to create and deliver experiential learning opportunities for students in order to increase their self-efficacy, build on their intrinsic motivation, and support their scholarly achievements.

What we do

We bring this vision to life by partnering with schools and cultural institutions to create and deliver experiential learning opportunities for students in order to increase their self-efficacy, build on their intrinsic motivation, and support their scholarly achievements.

Our specific focus is elementary age students and classroom teachers and our curriculum centers on arts, humanities, and science.