Feb 12, 2019
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.
Kelsey’s Firm CliftonLarsonAllen: www.claconnect.com
Read Kelsey’s Blog: Signs of Finance Department Dysfunction and What to Do About It
(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.