Accounting for Municipalities & Non-Profits
Corefino’s Accounting for Municipalities & Non-Profits is a low-cost, high-return accounting solution replacement to the toxic combination of ‘Big 3’ enterprise resource planning (ERP) installations matched with internal accounting staffs. By replacing the aging on-premise paradigm with a people/place/platform value proposition: outsourced accounting experts, outsourced technology and its Triple-C (Connect-Correct-Comply) Best Practices/ workflow framework, Corefino is a strategic accelerator to mid-market CFO’s and controllers.
The CFO’s Strategic Accelerator
Corefino’s Accounting for Municipalities & Non-Profits provides CFOs and Controllers with the freedom to focus on their key business objectives rather than the increasing regulatory requirements, new reporting standards and the growing staffing complexities of running a global business. By trusting accounting procedures and practices to Corefino, CFO’s have more time to concentrate on strategic initiatives and growing their businesses, versus ongoing staff training and technology upgrade needs.
Within the municipalities and non-profit realm, Corefino provides the following services:
- Fund accounting
- Encumbrance accounting
- Utility billing accounting and reporting
- Property tax billing and accounting
- Project accounting
- GASB 34
- General ledger for municipals
- Fund balance reconciliation
A Best Practices/Workflow Framework
Offering a unique combination of software-as-a-service (SaaS), business process outsourcing (BPO) and a custom-built technology portal, Corefino clients immediately benefit from the integration of our Best Practices/ Workflow framework which includes the following capabilities:
Comprehensive GAAP-based Accounting
Corefino adheres to GAAP accounting frameworks, financial statement conventions, and accounting law across all areas of accounting.
Includes payable processing, payroll processing, credit card reconciliation, expense reimbursement, and 1099s.
Corefino provides invoicing, commissions processing, and revenue recognition.
Balance Sheet Accounting
Corefino provides bank reconciliations, general ledger, account analysis, cash flow and flash reports.
Corefino processes all cash receipts and disbursements, and prepares weekly cash status reports and monthly bank reconciliations.
As a client, you will receive monthly, quarterly and annual financial statements, including Balance Sheet, Statement of Cash Flow, Profit and Loss from Operations, Expense summary, Actual vs. Budget analysis, month-over-month variance, equity capitalization and stock option accounting.
Corefino will establish and document accounting best practices for your accounting processes, as well as recommend internal controls for company-wide processes.
Finance ServicesCorefino provides a review of all financial contracts, as well as assembles and delivers A/R data for collection efforts and monthly cash receipts processing.
Diligence, Audit and Tax Services
Corefino will prepare and deliver accounting documents as required for diligence requests, external audits, and for assisting with your annual tax preparation.
Corefino guarantees that you will always be ready to address any financial or business event
For details about Corefino’s Accounting for Municipalities & Non-Profits, contact us directly by phone at +1.650.762.5621 or by email at