Criterion
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Social Innovation, Technology

Making a Ruckus


Monday, 3rd November 2014 at 3:49 pm
Xavier Smerdon, Journalist
Matrix on Board Group is introducing a newly rebranded division - Accounting For Good - and planning to make a ruckus over the next year about financial information being accessible to all decision makers in Not for Profit organisations.

Monday, 3rd November 2014
at 3:49 pm
Xavier Smerdon, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Making a Ruckus
Monday, 3rd November 2014 at 3:49 pm

Matrix on Board Group is introducing a newly rebranded division – Accounting For Good –  and planning to make a ruckus over the next year about financial information being accessible to all decision makers in Not for Profit organisations.

Matrix on Board was established in 1997 with the intention to bring the best of what was happening in technology and commercial practice to Not for Profits, in order to provide good information to decision-makers, and to ensure the non-program costs of delivering services (the ‘overheads’) are as productive as possible.

Unlike commercial infrastructure and consulting firms pushing to the sector, Matrix on Board’s founders – who had always worked in the sector – wanted to support Not for Profits to make informed decisions about assessing what they needed – if anything – and then ensuring new ways of doing things were appropriate to the nonprofit culture and values.

From the beginning they opposed transplanting commercial solutions, but rather make refined decisions to cherry-pick the things that would work, and then bring them in to nonprofits in appropriate and relevant ways.

Matrix on Board has done many things over the 17 years, from building databases and websites, supporting board portals, running conferences, delivering money management services, etc. And from the beginning it has done traditional consulting and financial management.

The financial management services have consistently assisted organisations to bring in expertise in processing and accounting, and to provide external advice and reassurance, which is difficult to sustain in medium size organisations over time.

And so now it is time for the financial management services to get their own identity and voice. Accounting for Good, Matrix’s financial management services, is the exciting new name for what we have been doing so well for all this time.

Accounting for Good emerges as the identifiable service to do these things:

  1. Take away the pain of recruiting, supervising, training and supporting an in-house finance team, with a dedicated team of experts in bookkeeping and accounting whose lifeblood is servicing nonprofit organisations.

  2. Provide a second set of eyes for Boards and CEOs to protect against error and fraud.

  3. Bring financial intelligence to the Board through reports which are timely, accurate and readable.

Accounting For Good is going to make a ruckus over the next year about financial information being accessible to all decision makers in Not for Profit organisations. Accounting For Good wants to change the rules. They want Not for Profit managers and directors to take control of their financial destiny by learning the language and then directing the orchestra to bring success to their work through strong financial reserves and decisions based on knowledge. They are just beginning the next 17 years.

Accounting for Good has been using the cloud based accounting platform Xero for the past three years, with 18 Certified Xero staff, and a track record in converting nonprofits’ accounting systems to Xero. Xero is a perfect example of how demystification empowers people to know their organisations better, and then make good decisions accordingly.

To celebrate the birth of Accounting for Good, they are offering 50 per cent Xero subscriptions for 50 Not for Profit organisations for a year. The 50:50 offer is available from http://www.accountingforgood.com.au/xero/


Xavier Smerdon  |  Journalist  |  @XavierSmerdon

Xavier Smerdon is a journalist specialising in the Not for Profit sector. He writes breaking and investigative news articles.


Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Peak Gathering of the Impact Ecosystem

Contributor

Thursday, 13th September 2018 at 7:15 am

The New Standard Operating Environment

Jo Scard

Thursday, 6th September 2018 at 7:45 am

Engagement Opportunities in 2018

Jo Scard

Tuesday, 21st August 2018 at 7:30 am

POPULAR

Family Faces ‘Devastating’ Loss of Support for Son with Disability

Luke Michael

Tuesday, 11th September 2018 at 8:37 am

$50 million Up For Grabs to Help NFPs Drive Change

Maggie Coggan

Monday, 17th September 2018 at 4:21 pm

Social Economy is the Workforce of the Future

Luke Michael

Thursday, 6th September 2018 at 8:21 am

Australia’s Most Innovative NFPs Highlighted

Luke Michael

Thursday, 13th September 2018 at 8:41 am

Criterion
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!