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AcctTwo Provides Outsourced Accounting for Houston Community ToolBank

Houston-Based Consulting Firm Leads by Example Providing Business Process Outsourcing for Local Non-Profit

Houston Community ToolBank uses AcctTwoThe Houston Community ToolBank is a local nonprofit organization affiliated with ToolBank USA that will steward a vast inventory of actual tools for use by charities to advance their missions, increase impact, and reduce costs. ToolBank USA began its mission in Atlanta, where the Atlanta Community Toolbank celebrated its 20th anniversary in 2011, and now equips over 45,000 volunteers with tools every year. 

With a tool inventory valued at nearly half a million dollars, the Atlanta ToolBank plays a pivotal role for the ToolBank network, exemplifying the profound impact of a mature ToolBank and setting the bar for new ToolBanks across the United States.

With other partner organizations in Chicago, Baltimore, Charlotte, Cincinnati, Phoenix, Portland, and Richmond, the Houston Community ToolBank is currently involved in a comprehensive fundraising effort. The ToolBank leadership board plans to have their grand opening in the Spring of 2014 where they will open a warehouse of tools to local charities, and add staff to run the program. Available tool inventory will include cordless drills, ladders, rakes and shovels, circular saws and paint trays, and MUCH more. Through quick and reliable access to large quantities of high-quality tools, the ToolBank plans to transform volunteerism in the Houston area.

In today’s world of increasingly complex regulatory requirements and scrutiny, non-profit organizations like the ToolBank face significant impediments to success as they attempt to meet all the finance deliverables required of them. These challenges include tight operational budgets, manual or offline reporting and processes, fund accounting, as well as maintaining a staff of volunteer and part-time workers. Tracking donations from individual donors along with large corporate donors like Home Depot and Starbucks, as well as keeping a steady eye on the organization's cash balance, is where AcctTwo, a Houston-based consulting firm, really adds value. AcctTwo, a leading provider of cloud-based accounting technology and business process outsourcing to small and medium-sized companies, provides services and technology for the Houston Community ToolBank that can help address these issues and provide invaluable benefits.

AcctTwo's accounting tools are developed by Intacct, a company which has quickly become the leader in developing cloud-based accounting technology for non-profits. Intacct's software automates fund, grant, member, and project accounting, reducing the time required to manage fund accounting by more than 90%. Intacct helps leading nonprofits of all types—including charities, trade and membership associations, cultural institutions, charter schools, and faith-based organizations—save money, increase revenue, and improve operations with robust financial management and a particularly strong emphasis on reporting.

In addition to providing the tools required to successfully manage the ToolBank's finances, AcctTwo also outsources the organization's back office processes, minimizing administrative distractions and alleviating the need to attract and retain back office personnel, allowing the ToolBank to focus on raising funds and providing a much needed community service.

“We're excited about what the ToolBank is doing for the Houston community and we're proud to be involved,” says Marcus Wagner, Chief Executive Officer of AcctTwo, who also sits on the ToolBank's board of directors. “We're also confident that our products and services are helping the ToolBank focus on fulfilling its mission with minimum cost and maximum productivity." AcctTwo and Intacct allow the ToolBank's board to see where the organization stands from a cash position as well as to track progress against their fundraising goals. Intacct's scalability means that the ToolBank can work towards its grand opening this Spring, and its subsequent expansion in staffing, with full confidence that the tools and processes are in place for success.

About AcctTwo

AcctTwo is a leading consulting firm and reseller of cloud-based accounting and financial management software. AcctTwo's sophisticated systems solve the issues growing middle market companies face today. AcctTwo also outsources back office processes, allowing clients to focus on the core competencies of their business. AcctTwo provides the people, processes, technology and office facilities to perform these functions, while allowing clients to collaborate interactively through an on-line portal. AcctTwo is headquartered in Houston, Texas. For more information, please visit or call 713-744-8400. Connect with AcctTwo on LinkedIn, Twitter or Youtube.


AcctTwo and the AcctTwo logo are trademarks of AcctTwo Shared Services, LLC. All other company and product names mentioned herein may be trademarks of their respective owners.

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