Financial Issues
Many social organizations are familiar with the following financial issues: uncertainty in accounting, correction of the figures for the annual report, unclear tax assessments, etc. Advices from financial professionals expertized in this area is the precious support for non-profit organizations. At the same time, there are many experienced professionals whose expertise lies precisely in these areas and who are looking for an opportunity to use their professional skills for pro bono services for social organizations.
- Financial planning
Non-profit organizations must monitor their income and expenditures to ensure their financial stability. With the help of a liquidity planning, professionals in this area assist non-profit organization to plan upcoming income and expenditure and prevent possible liquidity bottlenecks.
- Revenue Strategy
Social enterprise may need a suitable revenue strategy. Experienced experts in finances develop revenue strategy for social enterprises. This can include new products or services that are marketable and support the organization's social mission. The pro bono expert thus directly contributes a valuable contribution to the social impact of the organization.
- Pricing
Since there is no experience with classical pricing in the social economy, pricing issue is always valid question asked by the representatives of social sector. Financial professionals together with public benefit organization shape prices of products and services on the basis of customer benefit and create transparency about the direct and indirect costs associated with product or service. Additionally, this project helps to check existing product/service offers and if necessary, terminate or develop them.
- Cost Reduction Analysis
Financial professional/expert supports non-profit organizations in cost analysis and if, necessary in adaptation them. A cost reduction analysis helps to determine which costs can be reduced without negatively affecting the social impact of the organization. The analysis examines administrative and operational expenditures, workflows and processes, as well as the value chain for products and services to show whether there are surplus resources that can be reduced or eliminated.
- Taxation
Professionals/experts support non-profit organizations in tax regulation and administration issues. The assistance covers various topics of taxation, such as: analyzing tax structures, appropriate taxpayer form for non-profit organizations, reviewing contracts and other documents from the tax perspective, etc.
- Create Category Suitable for You
Each organization need well defined financial plan to maintain financial sustainability for a long period. If you are a non-profit organization and consider that you need financial advice, but have not found the right category, simply address us and we will assist you to formulate the right category or create a new one based on your needs, because responding to your needs is our promise.
- Commit Yourself as a Pro Bono Firm
CSRDG enables professionals in Georgia to use their skills for our society’s welfare in new areas of responsibility. As a pro bono intermediary organization, CSRDG is working to forward the pro-bono inquiries from non-profit organizations to the pro-bono-interested companies and to save their effort. If you are a dedicated professional specialized in finances and want to provide pro bono service but you have not found the right category here, simply address us and we will help you to connect with appropriate beneficiary.
The Text is adapted from online source provided by Proboneo.