Frequently Asked Questions
What services does OTUS Financial Solutions offer?
We specialize in online accounting services for nonprofits, including bookkeeping, financial reporting, Virtual CFO services, payroll administration, and audit preparation. Our goal is to streamline your financial operations and support your organization’s growth.
How are your services tailored for nonprofits?
We understand the unique financial challenges that nonprofits face. Our services are designed to address specific needs such as grant tracking and allocation, member dues, donor reporting, compliance with nonprofit regulations, and strategic financial planning to ensure sustainability and growth.
What is a Virtual CFO and how can it benefit my nonprofit?
A Virtual CFO provides high-level financial guidance without the cost of a full-time CFO. They help with financial strategy, forecasting, budgeting, and navigating financial relationships, allowing your nonprofit to make informed decisions and maintain financial health.
How does cloud accounting service work?
Our online accounting service allows you to manage your finances remotely. We use secure cloud-based software to handle your day-to-day transactions, financial reporting, and other accounting needs, giving you real-time access to your financial data from anywhere.
How do you ensure the security of our financial data?
We prioritize the security of your financial information by using encrypted, cloud-based accounting software. Our team follows strict data protection protocols to ensure your information is safe and confidential.
Can OTUS Financial Solutions help with audit preparation?
Yes, we can. We streamline the annual audit process by preparing all necessary documentation, coordinating with auditors, and ensuring that your financial records are accurate and compliant with relevant regulations.
What is the process for getting started with OTUS Financial Solutions?
To get started, simply contact us to schedule a consultation. We will discuss your nonprofit’s specific needs, tailor a service package that fits those needs, and guide you through the onboarding process.
Do you offer customizable service packages?
Absolutely. We understand that every nonprofit is unique, so we offer customizable service packages to meet your specific requirements. Whether you need comprehensive accounting services or support in a specific area, we can tailor our offerings to suit your needs.
How often will I receive financial reports?
We provide monthly financial statements and reports to ensure you have a clear and up-to-date understanding of your financial status. We can also offer more frequent reporting based on your organization’s needs.
What sets OTUS Financial Solutions apart from other accounting firms?
Our deep expertise in the nonprofit sector, commitment to personalized service, and use of advanced technology set us apart. We are dedicated to helping nonprofits achieve financial stability and focus on their missions, providing hands-on support and strategic advice.
How do I know when I need your help?
If you’re facing challenges with financial management, struggling with compliance, experiencing cash flow issues, or simply want to ensure your financial health is on track, it’s a good time to seek our help. Additionally, if your organization is experiencing significant staff turnover, our team can step in to provide stability and continuity. We offer a free consultation to discuss your specific needs and determine how we can assist you.
I'm not set up for cloud accounting, can you still help me?
Absolutely! We can assist in transitioning your financial management to a secure cloud-based system. Our team will guide you through the setup process, ensuring a smooth and efficient transition.