Social Value Accounting is the process of tracking activity relating to each project undertaken by an organisation and evaluating and measuring the impact those outcomes have on your constituents in dollar terms. And it’s important to remember that Social Value Accounting is still accounting.

There are two ways in which the today’s financial statements are incomplete. The first is where there is no financial transaction and so traditional accounting systems no monetary value on the interaction. For example if your offer a free helpline service operated by volunteers would be ignored in financial statements entirely and not account for the value that service provides to people calling in. The second is when we assume that where a buyer and seller agree on a price that the buyer and seller correctly price the goods and services, meaning they both have complete knowledge of the costs and benefits associated and are making an informed and rational decision.

Social Value Accounting accounts for these omissions and prepares an additional set of financial statements which place a dollar value on the outcomes your organisation delivers. It uses traditional accounting practices to measure the value your organisation provides to the community that otherwise would not be accounted for in your reports.

01.

Measurement

Measure the benefit and impact your organisation has on your community in dollar terms.

02.

informed decisions

Help you make informed decisions about the allocation of scarce resources.

03.

Stakeholder funding

Show potential funders the value you deliver in dollar terms.

04.

Accurate reporting

Accurately measure and report the outcomes of your activity in dollar terms.