Making a Ruckus
3 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:
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.
Provide a second set of eyes for Boards and CEOs to protect against error and fraud.
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/