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Outside Acct vs. using General Ledger

Last post 04-14-2004 9:18 AM by Lisa Star. 1 replies.
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  • 04-13-2004 12:31 PM

    • Hillary Murphy
    • Top 100 Contributor
    • User Since: 1999
    • Posts 85
    • Organization: Phoebe Foundation
    • Products:  Accounting for Nonprofits, Blackbaud NetCommunity, The Financial Edge, The Raiser's Edge, The Researcher's Edge, Sphere

    Outside Acct vs. using General Ledger

    Reply Contact
    We are trying to justify the move from outside CPA to staff fte doing our monthly financials. We process approx 500 gifts a month and have about 70 donor restricted funds, unrestricted funds as well as a few liability accounts. About how much time would we expect someone working with Financial Edge to spend on these? I'm talking ballpark.....not exact. Could it be done realistically by a 20 hour a week employee if their only duty was to reconcile our posted batches and produce a monthly financial statement? thanks, Hillary Murphy Phoebe Foundation Phoebe Putney Health System Hillary Murphy Financial Administrator Phoebe Foundation
    Hillary Murphy
    Phoebe Foundation
    Phoebe Putney Memorial Hospital
    Albany, Georgia
    www.supportphoebe.org
    www.youtube.com/phoebefoundation
    mailto:hmurphy@ppmh.org

  • 04-14-2004 9:18 AM In reply to

    Outside Acct vs. using General Ledger

    Reply Contact
    If you can find someone with fund accounting experience, a 20hr week will probably be fine...maybe even a bit high. However, I came from pvt industry and had a harder time learning the new software and fund acctg. Financial Edge seems more user-friendly than AFN but it could take a month of full-time training to get your 20hr person comfortable in that situation. Lisa Starr Accounting Manager Community Foundation Partnership, Inc.
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