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- Good accounting leads to good, clean financial statements and clean audits
- The people performing accounting functions must understand how accounting works
- Good accounting can generate MORE funding for your Tribal organization
An accounting nightmare causes any outside party to lose confidence in your ability to maintain fiscal control. More importantly, funding sources will cut you off if there is a lack of confidence – if they have reason to believe that you are spending funds inappropriately or mishandling the monies. Sloppy recordkeeping destroys the integrity of your system.
AXIOM’s professional staff can get your accounting records in good order and get your Tribal organization in compliance with Generally Accepted Accounting Principles (GAAP). When the auditor or anyone else comes out to review your records, financial statements and financial system, you can rest assured that you will pass with flying colors. We can set up your new accounting system or make adjustments to your existing system, train your staff, and set up policies and procedures to help ensure that everything is the way it is supposed to be. Funding sources will gladly provide more funding when they have confidence that you are maintaining proper fiscal controls.
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