BTQ can manage all financial records and functions including:

• Voucher registers
• Cash disbursements
• Cash receipts
• Payroll register
• General ledger
• General journal

This record keeping will expedite and facilitate the work of the nonprofit’s outside auditor in the preparation of annual financial audits.

By preparing regular monthly and annual financial reports, BTO provides the accurate and timely information needed by management and Boards of Directors to strategically direct their organizations. Monthly financial reports include:

The BTQ fiscal management staff meets regularly with executive management to assist in developing and modifying budgets, assessing operations, and forecasting the impact of various environmental changes. BTQ assists in developing and implementing all policies, procedures and operational processes that are necessary for sound fiscal management and will assist in training all appropriate staff in these policies and procedures.

BTQ’s Account Executives meet regularly with appropriate staff and board committees to discuss financial results and assist in financial oversight and planning responsibilities

The biggest challenge in Community Based Organizations (CBOs) is contract management. Small nonprofit organizations are trapped in an extremely labor intensive situation. By contracting out these functions, CBOs can free up staff resources for direct services and focus on their core activities.

BTQ provides timely filing of financial reports and monitors receivables for all contracts and grants. Additionally, program staff assists in performing budget modifications and other non-billing financial tasks associated with contract and grants. BTQ works with agency program staff to ensure that contract and grant funds are maximized and expended appropriately. .Additionally, BTQ regularly reviews tracking toods and monthly status reports with appropriate agency managers.

On a day-to-day basis, the timely recovery of revenues is one of the most important considerations facing small businesses and non-profit organizations. Many of our clients use our 3rd party billing services to improve collection in Medicaid, reducing bad debt and resolving pending claims.

BTQ will design and manage the cash receipts process, tracking receipt of payments and reporting to management on successful collections. Cash revenues will be logged in as received, with the receipt verified by at least two parties. A daily cash receipts log that includes available cash balances will be accessible to management. Other controls and reports will be developed, as appropriate, to meet management needs.