Let's Keep a Financial Pulse on Your Business

Amidst COVID-19 affecting the entire country, many finance chiefs at nonprofit organizations, government contractors, and commercial businesses are facing an unparalleled task of closing the books, redirecting funds, preparing new budgets, and addressing technological capabilities with staff working remotely or with a temporary lack of workforce.  

Cordia, a firm specializing in outsourced accounting and technology consulting services, is providing the following help to organizations:

  • Advisory: guidance to address compliance, budgeting, cash flow forecasting, incurred cost submission, and more 
  • Outsourcing: critical outsourced accounting services to keep businesses operating and tighten internal controls
  • Technology: advice on cloud-based accounting software to increase accounting efficiencies 
  • Staffing: Supporting workforce challenges through staffing and recruiting options
  • Communications: Actively participating and advising board members and their nonprofits

About CORDIA 

As a leading professional services firm recognized by the Washington Business Journal in 2020 as one of the top 75 Fastest Growing Companies in Greater Washington and Top 15 largest Accounting Firms, Cordia remains committed to helping nonprofit organizations, government contractors, and commercial businesses improve their financial operations through outsourced accounting, technology consulting, business process advisory services, and staff augmentation. Also recognized by WBJ, Cordia Resources was ranked one of the Top 10 Largest Executive and Professional Recruiters and one of the Top 15 Largest Temporary Staffing Companies in 2019.

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Recent Blog Posts

HR outsourcing: Considerations for nonprofits

                                                            The global market for human resources outsourcing was approximately $32.8 billion in 2020 and is projected to rise to $45.8 billion by 2027, according to market research company Reportlinker. Should your not-for-profit join the many organizations that have already determined that outsourcing HR makes financial and operational sense? Here’s what you should consider before acting. Take a ...

Does your nonprofit owe tax on its sponsorships and advertising?

                                                            Your not-for-profit may prefer to avoid activities that subject it to unrelated business income tax (UBIT). But if you accept advertising or sponsorships that aren’t substantially related to your tax-exempt purpose, you may unwittingly expose your organization to UBIT liability. The rules governing these types of support are complicated, so it’s important to have a basic understanding ...

5 ways to take action on accounts receivable

                                                            No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and procedures. Without a strong and steady inflow of cash, even the most wildly successful company will likely stumble and could even collapse. If your collections aren’t as efficient as you’d like, consider these five ways to improve them: Redesign your invoices. ...