LSRB Consulting LLC

Financial statement audits and reviews may be required by state law or as a condition of a grant.  They can be a valuable tool for providing the Board and management comfort that organizational resources are being appropriately managed and reported to external parties accurately.  They also require a great deal of time and effort above and beyond your day-to-day operations.

Leveraging my experience as an auditor, CFO, and audit committee member, I offer to:

• Evaluate your current processes and review your accounting records to assess your readiness for an audit or review;
• Prepare or supervise your staff in the preparation of all audit schedules;
• Identify transactions and adjustments related to pre audit closing of the books;
• Prepare draft financial statements and footnotes;
• Serve as your liaison with the auditors.

As a member of Beyond the Bottom Line's network of CFO's, I provide the following services on a short-term basis:

• Oversee all 5 financial dimensions of your business;
• Evaluate your finance and accounting function and recommend improvements;
• Enhance accounting function efficiency;
• Improve cash managment;
• Reduce costs;
• Facilitate knowledge capture and transfer; 
• Assist in hiring permanent staff or implementing a long-term solution.

The first program of its kind in the United States, the Standards for Excellence® Institute is a national initiative that promotes the highest standards of ethics and accountability in nonprofit governance, management, and operations, and facilitates adherence to those standards by all nonprofits.  The Institute is an operating division of Maryland Association of Nonprofit Organizations (Maryland Nonprofits).  The Standards for Excellence® program, a comprehensive system of nonprofit sector self-regulation, works to strengthen the ability of nonprofit organizations to act ethically and accountably in their management and governance, while enhancing the public's trust in the nonprofit sector.

As a Standards for Excellence licensed consultant, I utilize the Standards for Excellence: An Ethics and Accountability Code for the Nonprofit Sector® (the Standards) to:

• Provide training;
• Conduct organizational assessments;
• Facilitate the implementation of new policies and procedures;
• Assist nonprofits to become certified in the Standards for Excellence® Program.

Leveraging my experience as a risk management consultant, nonprofit CFO, auditor, audit committee member, and board Treasurer, I am able to review your existing governance and accounting policies and procedures manual or organizational processes to:

• Identify policies and procedures that are missing, out of date, or inconsistently applied;
• Offer practical examples and assistance to close policy and procedure gaps; and
• Draft policies and procedures.

If your just starting your nonprofit organization, the last thing you want to worry about is setting up your system of accounting.  Let me establish an accounting infrastructure that will allow you to hit the ground running and lay the foundation for future growth in a very time efficient and cost effective manner.  I offer a holistic, practical approach to incorporating best practices into a small nonprofit. 

My start-up support services include, but are not limited to,

• Configuring Quickbooks or Peachtree;
• Performing initial data entry;
• Drafting accounting policies and procedures;
• Providing training to staff charged with ongoing maintenance; and
• Providing advice and guidance on accounting or financial matters beyond the scope of the staff.

Each of the following training sessions can be delivered in large group, small group, and one-on-one settings or customized as consulting services, depending on your needs.  

• Financial Management for the Nonfinancial Manager 
• Accounting 101
• Bookkeeping Basics
• Budgeting in Nonprofits
• Preparing for and Surviving the Audit
• Good Internal Controls - What are they and how do I make sure we have them?
• How to Read Nonprofit Financial Statements
• How to Prepare Useful Internal Management Reports
• How to Setup your Financial Management System
• Quickbooks
• Peachtree