Outsourced Nonprofit Bookkeeping & Accounting Services

By febrero 18, 2021febrero 15th, 2024No Comments

bookkeeping services for nonprofits near me

We’ll dig into your current processes and accounting structure and help you find new tools or reports that make your life easier. And we’ll implement solutions that are supported by the best technology, highly efficient, and 100% compliant with nonprofit best practices. Any accountant can do your books, but The Charity CFO is more than just a nonprofit CPA. Get the accurate reports you need and expert insights into what those reports mean for your nonprofit. It’s time to stop worrying about when you’ll get your financial reports this month. If you have the spare time to manage your work and some of the accounting each month but need a little extra help, a part-time bookkeeper might be a good solution for your Nonprofit.

We’ll partner with you to automate key accounting processes and create forward-looking plans that make your future feel less uncertain. And we can offer you on-demand advice on grant utilization, fundraising strategy, tax compliance, and other topics that often trip up growing nonprofits. Even tiny nonprofits have BIG bookkeeping challenges, like cash flow forecasting, grant tracking, and finding the time to reconcile your accounts. When you let us handle your nonprofit’s bookkeeping needs, you will be paired with one of our staff bookkeepers whose expertise is best matched to your needs.

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Our extensive experience with nonprofits enables us to understand the challenges faced by our clients from the board of directors, management and funding sources perspectives. An integral part of our role is helping our clients communicate effectively with all of their stakeholders. You always have access to your financial records and can switch to a nonprofit accounting software only subscription at any point with a 30-day notice if you decide to manage the books yourself. Bookkeeping involves recording and analyzing a nonprofit’s financial transactions to ensure compliance with state and federal accounting rules. Timely and accurate record-keeping is one of the most important responsibilities every nonprofit organization faces. Better Bookkeepers is the ultimate solution to your nonprofit organization’s bookkeeping needs.

bookkeeping services for nonprofits near me

Although seemingly similar, for-profit and nonprofit accounting processes differ in many ways. Nonprofit accounting is complex and has many specialized requirements, but Fohrman & Fohrman, Inc., can be your foundation for making informed financial management decisions. We maintain your financial information in accordance with Generally Accepted Accounting Principles (GAAP), as well as the needs of auditors, grantors, and the board of directors. These varied requirements present challenges that only experience can overcome, and our experience has earned us a reputation of excellence and dependability in the nonprofit accounting industry. In addition to preparing your Form 990, our nonprofit audit specialists can perform your financial statement, Uniform Guidance (single) or internal audit.

What is the best software for nonprofit accounting?

However, there are several actions all nonprofits need to take to ensure data quality and reliability. We will reconcile your bank accounts to prepare your balance sheet, income statement and other financial reports upon request, as well as advise you on how to read your reports. Get our FREE guide to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization’s finances.

bookkeeping services for nonprofits near me

Let our full-service contract bookkeeping services help your nonprofit run more efficiently and effectively with our specialized services. We have extensive expertise working with NGOs and can nonprofit bookkeeping help you through the special requirements and difficulties of handling the organization’s financial affairs. Bookkeepers are in charge of maintaining your books closely day in and day out.

Discover the peace of mind that comes with a nonprofit CFO by your side

But when your part-time or volunteer accounting team can’t tell you how much of your cash you can actually spend, you can’t lead your team effectively. In about 3 months, you’ll have an accounting system that is transparent and modern that we’ll use to guide your organization confidently into the future. GrowthForce accounting services provided through an alliance with SK CPA, PLLC.

So you never have to worry about a “surprise” bill at the end of the month, no matter how many questions you ask. Our last Peer Review was performed by KerberRose SC, Certified Public Accountants. We are strong proponents of QBO and work with clients who already use it or are willing to convert to using it. Each year we are able to prepare and send 1099s upon request, as well as advise you on how to read your reports.