This is an excerpt from a NBOA Net Assets article authored by our very own Carole Melvin. For the full article, please visit: Efficient Expansion: Outsourcing School Business Tasks (nboa.org)

“The need for outsourcing may arise during times of change, like when there are new leaders or staff transitions, or when the retention of skilled personnel becomes a significant concern. This need is particularly pronounced amid a shortage of accountants and a surge in retirements due to the aging workforce. In the face of these challenges, outsourcing can provide access top-tier talent and processes without incurring prohibitive costs; providers bring expertise in complex areas like audit preparation and endowment management, which is vital for schools that might not need or afford such specialization in-house.”- Carole Melvin

Learn more about our independent schools specialization here: Independent Schools Specialization – Your Part-Time Controller, LLC (yptc.com)