Accounting
New System Streamlines Working Papers for Nonprofits
The accounting technology company Validis has released a new system for managing working papers specific to nonprofit audits. The working papers are configured to reflect the additional granularity required for nonprofit clients and include the ...
Sep. 20, 2016
The accounting technology company Validis has released a new system for managing working papers specific to nonprofit audits. The working papers are configured to reflect the additional granularity required for nonprofit clients and include the following GAAP compliant reports:
- Program Revenue and Receivables Summary
- Contribution Revenues and Receivables Summary
- In-kind Revenue and Receivables Summary
- Grant Analysis Report
Validis’ financial data intelligence provides a 25%-time savings on engagements for auditors who conduct nonprofit audits. Additional benefits include increased efficiencies, access to the nonprofit organization’s full transactional history, increased data quality, continuous data monitoring, data analytics, a single, easy to use platform to manage multiple clients accessible to authorized stakeholders.
“We are dedicated to the continuous improvement of our software and providing superior service,” said Joel Curry, General Manager of Valadis. “As a result, our clients receive access to new features as they are added at no additional charge.”