Audit committees are vital to the health of any nonprofit, be it large or small. Audit committee and its individual members are crucial partners in the safeguarding of integrity, purpose, and ultimately, success. As a non-profit, you can enjoy a suite of benefits that increase your annual funding, maintain fiscal responsibility, and help you achieve your goals. Our non-profit accounting services also provides our clients with interactive checklists, mailing reminders, and opportunities for webinars.
Nonprofit Accounting Services
- This starts by putting our people at the center of our work and extends to how we treat and value our people, our clients and our communities.
- Document incoming funding (donations and fundraised money) throughout the year.
- Jitasa’s tax specialists have filed more than 5,000 tax returns for nonprofits of all shapes and sizes.
- Through our understanding of the unique challenges and financial needs of nonprofit organizations, we develop innovative and reliable solutions that meet compliance standards while improving organizational effectiveness.
Timely and accurate record-keeping is one of the most important responsibilities every nonprofit organization faces. We offer a flexible business model to fit your organization’s specific accounting needs. We believe that nonprofits deserve personalized, quality service and should not settle for a one-size-fits-all approach. We collaborate with you to provide a customized solution that is not only cost-effective but also strengthens your accounting function.
FASB Financial Reporting Guidance
Studio501 was founded to help 501c3 nonprofits tell their unique financial stories. We offer fiscal management and accounting services with a fresh approach that empowers nonprofits to continually improve, thrive as organizations, and grow their positive impact. Along with our not-for-profit audit and non-profit accounting expertise, our experienced team of non-profit accounting experts hold leadership positions in not-for-profit organizations.
Are you a new or established business looking for expert accountancy services? Check out our partner company
Nonprofit leaders and staff need to identify where AI can add value, develop a plan for implementation, address data governance and security, and look to continuously test and iterate on AI projects. The House Ways and Means Committee approved a sweeping tax bill on May 14 with proposed changes that would significantly impact tax-exempt organizations. The Senate’s new tax bill proposes key changes for tax-exempt organizations, easing some House-passed provisions and capping the endowment tax.
- Many nonprofits have a bookkeeper in place but struggle because they’re lacking the oversight of a higher level financial professional to take the lead.
- Chazin offers a team of industry experts at your disposal to provide advice, leading technology, and to supplement existing staff to improve efficiency and compliance.
- Nonprofit bookkeeping is the process of tracking your organization’s day-to-day transactions.
- As an outsourced accounting and advisory firm, our process for large nonprofits begins with an initial consultation and a thorough needs assessment.
OUR ADVISORS OFFER A WIDE RANGE OF SERVICES, INCLUDING:
INGOs are uniquely positioned to solve some of the world’s most urgent humanitarian crises. We help INGOs navigate evolving issues and opportunities so they can remain resilient and continue making a difference. For us, a great day at the office is one where we take care of the numbers, so you can focus on what you do best — making a positive impact on your mission. https://nyweekly.com/business/accounting-services-for-nonprofits-benefits-and-how-to-choose-the-right-provider/ Nonprofits play a critical role in our society and we are passionate about supporting your important work.
BDO USA Named Among ‘100 Best Companies to Work For’ in 2025
By tracking donations and grants for specific purposes, nonprofits can provide accurate reports on how these funds are being used, which fosters trust and supports their organization’s mission. When selecting an accounting firm for your nonprofit organization, look for a firm with experience in nonprofit accounting, expertise in fund accounting, and knowledge of IRS regulations for tax-exempt organizations. Ensure they offer tailored services such as financial audits, tax preparation, and bookkeeping. Working with certified public accountants (CPAs) is another way for nonprofits to ensure their financial statements are Everything You Should Know about Accounting Services for Nonprofit Organizations accurate and compliant with regulations. CPAs bring a wealth of experience and can help organizations navigate challenges such as joint costs allocation, cash management, and strategic planning. A skilled CPA can also offer insights into improving the nonprofit’s financial health by analyzing financial ratios and making recommendations for better resource allocation.
The complex financial internal controls surrounding this sector are why it’s so important to find a CPA for non-profits who understands the internal intricacies of not-for-profit accounting. We serve nonprofits across the sector, including social service, community-based, healthcare, educational, religious and philanthropic organizations, foundations, housing organizations, and nonprofits subject to Uniform Guidance. Whether you’re an established nonprofit organization, association, foundation, charity, or other service organization or are just getting started turning your idea into reality, we can help. Since 1999, Fohrman & Fohrman has helped hundreds of organizations of every size by providing specialized nonprofit accounting expertise on demand. It shows the various cash inflows and outflows over a specific period, revealing how a nonprofit manages its cash to meet operational needs. It provides insights into liquidity and helps nonprofits plan for short-term cash requirements, ensuring they can cover expenses and sustain programs.
Nonprofit Bookkeeping & Accounting Services in New York City, New York
They communicate with our auditors, helped us obtain and extend bank lines, and just get things done. Our company is growing very fast, and there’s no question they’ve helped us grow. This means you’ll always get continuous service, no matter how complex or minor your accounting needs are. Receive expert tips, financial guidance, and real-world advice—straight delivered to your inbox. “True and trusted partners and we are grateful for their ongoing support. We trust Freed implicitly and feel comfortable asking for their guidance.”