Why Do Nonprofit Accountants Quit?

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. And finding new, qualified help that they can afford is nearly impossible…

At the same time, hundreds of nonprofits are waking up to realize that the financial structure they’ve always relied on doesn’t work as well any more. And they’re tired of the hamster wheel of hiring, re-hiring, training, and re-training bookkeepers and accountants.

So why do accountants leave nonprofit organizations? And what can nonprofits do to create consistency and predictability in the financial side of their operations?

Triná Owens is a former nonprofit financial director who left her job to become an Accounting Manager at The Charity CFO. In this episode, she and Tosha tell you the top reasons that your accountants don’t stick around. And show you how modern nonprofits are rethinking the way they handle specialized skills like HR and Accounting.

In this episode, you’ll discover:

• The top 3 reasons nonprofit accountants quit
• How turnover in the financial department is SO damaging for nonprofits
• The surprising reason your finance director spends just 25% of their time on finances
• Why HR compliance issues are a bigger risk than tax compliance  for most organizations (and why you shouldn’t trust your accountant with HR)

Thanks for listening and be sure to subscribe for new episodes every week!

For more nonprofit accounting resources check out www.TheCharityCFO.com 

For more information on how to create consistency and peace of mind by outsourcing your accounting, visit TheCharityCFO.com. Or book a free consultation at thecharitycfo.com/contact/

Want to WATCH A Modern Nonprofit? Check out this episode on YouTube now: https://youtu.be/catNvkpU4rc