Multi-Entity Not-For-Profit Client

This client needed review of their processes and procedures , including inter-entity balance sheet reconcilliations.

Results

• identified overpaid FBT close to $800k which was eventually returned

• Discovered inter-entity balance that was due to the main entity, the balance of close to $90k was paid due to the performed reconcilliation

• Accruals reconcilliation reulted in the reduction of costs and significant inprovement of entity performance (from showing loss to showing profit for the year).