We help clients with accounting and budgeting, often in the form of an outsourced CFO or Controller.
We can help with tax and financial statements preparation; maintaining the chart of accounts; preparing for an annual audit; managing payroll and benefits; and more.
Eight years ago, The Bright Solutions was contacted to provide monthly accounting services, including financial statements and facilitating the annual audit by a CPA firm. Seven years later, we were asked to take on the full complement of financial services, serving as the CFO.
This has led to our engagement in participating in the strategic plan, development of intellectual property, facilitating external relations with other not-for-profit organizations and expanding policy development. We were awarded with a multi-year contract.
Initially, we were retained to review accounting processing, including internal control. Subsequently, we were awarded a contract to assist in the restructuring of the accounting system and reporting.
In 2011, we were asked to assist ACFC in transitioning from an outsourced accounting firm to an in-house accounting model. The organization planned to hire a Business Manager but needed assistance with transitioning the operations. TBS analyzed all processes related to accounting, bookkeeping, payroll/hr, and developed three options for how the organization could function moving forward. Ultimately, ACFC determined an in-house Business Manager with oversight from TBS would be the most efficient and economical matter. We have been working with the organization since that time.