As a NFP organisation, more often than not the true value of your organisation isn't measured by traditional accounting practices. In accounting terms, how do you measure the benefit of providing housing to a homeless person? How does a tennis club measure the value of providing courts to a community? Or how to measure the annual value of it's volunteers provide?
Social Value Impact Accounting uses traditional accounting practices to measure the value your organisation provides to the community that otherwise wouldn’t be accounted for in your reports.
What is Social Value Impact Accounting?
Social Value Impact Accounting tracks activity related to each project undertaken & the impact those outcomes have on your constituents in dollar terms.
By applying the principles of Social Value, NFP organisations can begin to take stock of the true value they provide to communities and do it in a way that is understood by businesses.
What are the Principles of Social Value?
Involve stakeholders
Understand what changes
Value the outcomes that matter
Only include what is material
Do not over claim
Be transparent
Verify the result
By looking at the Social Value Impact your organisation has on your community, we’re able to prepare audit and management reports that show your true value in dollar terms.