Accounting & Bookkeeping for Nonprofits

Whether your organization decides to outsource both your nonprofit bookkeeping and accounting services or just one, you can rest assured we will provide personalized services designed to meet the specific needs of your organization. From compiling expense reports and crafting complex budgets to strategizing cash flow control, our accountants are here to help your nonprofit regain control over your finances, enabling organizational growth.

Our Nonprofit Accounting Services Group has the technical skillset to lead you through the choppiest waters and steer clear of potential difficulties.

Specialized Services Include:

Accounting and bookkeeping
Compliance and GAAP audits
Quarterly and yearly reports
Preparation of IRS Forms 990 and 990-T tax filings
Overall and individual program budgets and management
Internal controls and processes
Grant management
Donor management
Statement of cash flows
Revenues and expenses
Membership dues
Fundraising expenses
Preparation of statements for:
- Financial position
- Activities
- Functional expenses
- Individual program expenses
- Cash Flows
- Revenue support schedules
- Financial statement notes

Basic Guide Of Nonprofit Accounting Services

Nonprofit accounting and bookkeeping services can help nonprofit organizations manage their financial transactions, maintain accurate records, and comply with regulatory requirements. Here are some of the specific services that accounting and bookkeeping professionals may provide for nonprofits:

Accounts payable and receivable: Nonprofits must track their income and expenses, including payments to vendors and donations received from donors.
Bank account reconciliation: Accounting professionals can ensure that bank statements are accurate and that all transactions are accounted for.
Payroll processing: Nonprofits must pay their employees accurately and on time. Accounting professionals can help with payroll processing and tax withholding.
Financial reporting: Nonprofits must prepare financial reports that provide a clear picture of their financial health. These reports may include balance sheets, income statements, and cash flow statements.
Budgeting and forecasting: Nonprofits must plan for their financial future by creating budgets and forecasts. Accounting professionals can help them develop these plans and monitor their progress.
Tax preparation and compliance: Nonprofits must file tax returns with the IRS and may be subject to state and local taxes. Accounting professionals can help ensure that the organization is in compliance with all tax regulations.
Grant management: Nonprofits may receive grants from foundations and government agencies. Accounting professionals can help manage these funds and ensure that they are spent in accordance with grant requirements.
Audit support: Nonprofits may be audited by government agencies or independent auditors. Accounting professionals can provide support during the audit process and ensure that the organization is prepared for the audit.

It is important for nonprofit organizations to work with accounting and bookkeeping professionals who have experience in nonprofit accounting. These professionals can help ensure that the organization’s financial records are accurate and transparent, and that it is in compliance with all regulatory requirements.