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Accounting Systems Review

Help Epitome of Soul, Inc. with feedback and recommendations on their accounting practices to improve their financial recordkeeping, reporting, and planning.
Epitome of Soul, Inc.
Ridgewood, NJ, USA
Epitome of Soul, Inc.
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Epitome of Soul, Inc.
Ridgewood, NJ, USA

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Cause
Arts & culture
Skills
Accounting

Posted December 4th

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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
What we have in place
  • We currently have a Quickbooks Online Account, which should make it easy for you to get started. We also have operating budget spreadsheets, and the ability to provide any other information you need.
How this will help
This project will save us $5,994 , allowing us to direct funding to our programming.

This project will help us achieve our goals in providing a more organized accounting system, and clarity on where our spending can improve.

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

Epitome of Soul, Inc.
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Causes
Arts & culture Education Youth development
Posted by
NB
Nailah B.

CEO, Co-Founder

Our mission

Epitome of Soul, Inc. partners with community organizations to equip, empower, and encourage elementary and high school students to strive for academic excellence and cultural growth through the arts.

What we do

Epitome of Soul aims to create a platform in performing arts celebrating all varieties of music, dance, drama, theater and creative writing with the sole purpose of enriching the cultural dynamics of underserved school communities. Our primary initiative is to organize youth groups to undertake projects that benefit the community and encourage leadership, character, compassion, and good citizenship. In addition, help high school and college students further their education by providing financial assistance through scholarships.

Testimonials

Read the Impact Story
Jan was awesome to work with and made organizing our Quickbooks system a seamless process!
Nailah B.

CEO, Co-Founder

Accounting Systems Review Project

Very nice folks.
Jan H.
Jan H.

Volunteer