Stress-Free Audits: How to Prepare Without Breaking a Sweat
Description
In this episode, Aishat tackles one of the most anxiety-inducing tasks for charities: the annual audit. But don’t worry, it doesn’t have to be stressful! With a decade of experience leading finance teams through clean audits, Aishat shares practical tips and strategies to help you prepare for your charity’s audit with confidence and ease.
KEY TAKEAWAYS
- Audits can be an opportunity to improve financial processes.
- Preparation is key to a stress-free audit experience.
- Using accounting software can streamline the audit process.
- Maintaining an audit trail helps auditors verify transactions.
- Revisiting previous audit findings is essential for improvement.
RESOURCES AND RECOMMENDATIONS
Expense Plus: https://expenseplus.co.uk/features
Xero: https://www.xero.com/uk/small-businesses/non-profit/
Quickbooks:
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
United States
