Government-Funded Organizations

Government funding can create opportunities for organizations to expand programs and increase their impact. It can also bring additional financial reporting, documentation, budgeting, and compliance responsibilities.

BAMS supports organizations receiving government grants and contracts by helping strengthen the accounting systems and financial processes behind those requirements.

Organizations managing public funds need financial information that can identify how resources were received, spent, and allocated.

That requires more than entering transactions into accounting software. Organizations need consistent documentation, appropriate controls, reliable reporting, and accounting processes capable of supporting funding requirements.

Federal guidance emphasizes the importance of internal controls in managing public resources. The U.S. Government Accountability Office’s Standards for Internal Control organizes internal control around five components: control environment, risk assessment, control activities, information and communication, and monitoring.

Services may include:

• Monthly accounting and reconciliations
• Grant and contract accounting support
• Revenue and expense tracking
• Budget-to-actual reporting
• Financial statement preparation
• Supporting schedules
• Documentation and accounting process improvement
• Internal control review
• Audit preparation
• Cash-flow forecasting
• Controller services
• Fractional CFO support

Financial reporting is easier when the accounting system is designed to capture the necessary information throughout the year.

BAMS works with organizations to strengthen processes before year-end, monitoring deadlines, or audit preparation begins.

This can include reviewing account structures, improving documentation, establishing reporting processes, and creating management reports that allow leadership to identify issues earlier.

Government-funded organizations operate at the intersection of mission, operations, funding requirements, and financial accountability.

BAMS helps build the financial infrastructure needed to manage those responsibilities more effectively.

Smart. Sustainable. Service.