Innovative Solutions your Organization Needs to Scale

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Effective financial management enables your organization to more successfully achieve its goals and provide exceptional services to people you serve. Through collaboration with Likhubula Partners, a consultancy specializing in nonprofit finance and operations exclusively for local entities, we will assist your leadership team by providing the tools and proven best practices you need to enhance your organization's financial well-being. Our goal with this consultancy is to make your organization “fiscally fit”.

This involves implementing strong policies and procedures, clarifying roles and responsibilities, ensuring transparency at all levels, and establishing efficient systems. Crucially, effective financial management requires that staff not only get the relevant training but also provide a wider buy-in for why such policies and processes must be followed.  

Neglecting to embed effective financial management across your organization can lead to vulnerabilities such as fraud, ambiguity, and challenges in accurately monitoring your financial activities.

With Likhubula Partners, you can guard against the negative repercussions of a poorly designed accounting system or staff lacking qualifications. We will guide you and train your team in improving the accuracy and efficiency of your accounting operations and audit processes through our specialized services. Our all-encompassing accounting and bookkeeping solutions for local organizations are strategically crafted to build your internal capabilities. We also provide payroll solutions your organization needs, with QuickBooks or other applications of your choice. 

Our expertise ensures tailored accounting processes for your organization and specialized applications like QuickBooks for streamlining accounts payable/accounts receivable, along with efficient expense and time tracking tools. Likhubula Partners is a dedicated and reliable partner deeply invested in improving your organization’s finance, accounting and operations systems and processes. 

We also provide our clients comprehensive assistance in choosing, configuring, testing, deploying, and continuously managing other automated financial software solutions.

USAID and the broader development community are currently undergoing a significant shift towards localization, directing more resources to empower local organizations, which are inherently well-suited to meet the needs of their communities. Nonetheless, the challenge lies in ensuring your organization is fully prepared to harness USAID and other global funding opportunities.  Our consultancy is strategically crafted to prepare your organization for a state of readiness, empowering you to capitalize on opportunities as they emerge. 

We conduct a thorough and meticulous assessment and validation of your existing systems, processes, and policies in alignment with the distinct prerequisites, requirements, and regulations set forth by USG or other funding entities. Our aim is to facilitate the harmonization of your internal systems and processes with the stipulated funding regulations of funders. Through close collaboration with your team, we identify and address immediate areas of concern, implementing robust enhancements in tandem with your team. Our commitment extends beyond mere advisory support – we are your partners, dedicated to assisting you in constructing the necessary systems, processes, and policies to elevate your impact and facilitate scalability.

 In the absence of a Negotiated Indirect Cost Rate Agreement (NICRA) for organizations with USG funding, your organization is likely not able to recoup a portion of your indirect costs necessary to run and grow your organization. That is because organizations awarded federal grants become eligible for a 10% reimbursement on indirect costs, known as the “de minimis rate”, without the need for intricate paperwork necessary for the NICRA application processes. While helpful, the de minimis rate usually falls significantly short of the typical 25% - 45% rate range required by most organizations to adequately run their operations. 

Unfortunately, many impactful organizations with USG funding lack the time and/or proficiency to document their indirect costs and pursue a NICRA application. This means, simply and plainly, that these organizations are leaving money on the table that could help them improve their operations, service delivery and the ability to scale their impact. 

With this consultancy, Likhubula Partners will help you discover your true indirect cost expenses and guide you in establishing a clear indirect cost policy to strategically shape your existing and upcoming project proposals. Furthermore, you'll develop a dynamic framework for calculating indirect cost rate(s) and attain the readiness to seamlessly execute a NICRA submission. .