In recent years, not-for-profit (NFP) organisations have begun adopting strategies previously favoured by small-to medium-sized businesses, including outsourced accounting services. This shift reflects a broader trend toward efficiency and flexibility, allowing NFPs to focus more on their core missions while benefiting from specialised financial expertise.
However, the decision to transition to outsourced accounting is multifaceted, requiring careful consideration of strategic, operational and stakeholder impacts. This white paper explores the advantages and potential challenges associated with this shift, focusing particularly on the implications for Australian-based NFPs.
