An accounting firm for Nonprofit Organizations

This system will guide the financial aspects of your daily operations, making it easier to manage funds across various programs and initiatives. There are many questions surrounding nonprofits and the taxes they have to pay. Our non profit accountants have answered some of them here for your convenience. QuickBooks offers a discount on its QuickBooks Online software through TechSoup. This version of QuickBooks Online offers the accounting features and functionality nonprofits need, including the ability to manage nonprofit finances, file Form 990 and file taxes. Xero’s highly customizable and in-depth reporting tools make Xero stand out.

• Wave’s free invoicing tools offer the ability to send customized and branded invoices and automated payment reminders.
• Schedule a call to talk to us about the unique accounting and reporting needs of your organization.
• Since nonprofit organizations operate differently than other businesses, accounting for a nonprofit organization can be complex.
• After we review your information, we will provide you with a proposal for services tailored specifically to your needs and budget.
• Our experts save you valuable time by doing the vital recording, reconciling, and reporting to empower your financial decisions.

Focus on your mission, we’ll worry about the books

Mission Edge has been one of our most critical partners as a young company. Every interaction with them has improved us, from guiding us through successful accounting practices to ensuring that we have robust Human Resource offerings. We’re incredibly grateful to the Mission Edge team for everything they’ve done for us. Accrual accounting even complies with GAAP, which is required for nonprofits seeking grants and government funding.

Financial Audits Made Easy

• Searching for an audit firm can be a time-consuming and stressful task.
• He is registered with the IRS as an Enrolled Agent and specializes in 501(c)(3) and other tax exemption issues.
• From donor withdrawals and grant losses to economic downturns and emergencies like cyberattacks, financial crises can arise unexpectedly.
• From a one-time consult to a consistent HR presence, we have a solution for every nonprofit.
• Now, more than ever, financial clarity and transparency are critical to your organization’s success.

Their approach focuses on detailed record-keeping, streamlined reporting, and real-time financial data access. No one understands the complexity and nuance of nonprofit bookkeeping quite like the compliance professionals at Foundation Group. This includes a dedicated Nonprofit Tax Director with years of expertise in Return Form 990, UBIT regulations and the many wrinkles of The Key Benefits of Accounting Services for Nonprofit Organizations nonprofit accounting and tax planning.

AICPA Audit Quality Center Member

• This statement provides a snapshot of a nonprofit’s assets, liabilities, and net assets at a given point in time.
• As you can see, capital gains tax doesn’t apply to capital gains that are related to an organization’s mission or purpose.
• A provider who serves the nonprofit sector can offer useful tips to optimize your financial operations.
• Tracking these funds separately ensures proper compliance with donor intentions, improving transparency and accountability for nonprofit organizations.
• We prioritize the security of your financial data by using secure, encrypted systems and following best practices in data protection.
• Setting and achieving these goals doesn’t just happen; it requires a plan that includes objectives, implementation steps and methods to track progress.

And we can offer you on-demand advice on grant utilization, fundraising strategy, tax compliance, and other topics that often trip up growing nonprofits. Many nonprofits are turning to outsourced human resources service providers to address these issues. From recruiting and retention to long-term personnel planning, external HR consulting can help you keep up with regulations and fill vacancies quickly. Our nonprofit CPAs have worked with organizations of all sizes, https://nerdbot.com/2025/06/10/the-key-benefits-of-accounting-services-for-nonprofit-organizations/ ranging from small local entities to national foundations and associations. Through this experience, and by monitoring the issues and trends in nonprofit accounting, we’re in a prime position to best serve you.

Customized CFO & Accounting Services

• Know how Invensis provides accurate accounting & bookkeeping services for a restaurant which helps effective cost monitoring and growth.
• Our team conducts a comprehensive financial analysis and works closely with nonprofit leadership to develop strategic financial plans.
• Nearly all transactions have alternate tax consequences, and constant changes in tax laws require your situation to be monitored throughout the year.
• We’ll also factor in which funds may be earmarked for a specific purpose, ensuring that you don’t inadvertently draw from the wrong pool in your efforts to accomplish objectives.
• The company structures its services into six different monthly packages, allowing organizations to select specific services based on their needs, which can be adjusted as those needs evolve.
• If the expenditure is too high, you’ll be better prepared if you have to increase your fundraising efforts.
• Because every nonprofit’s goals and workflows are different, your exact fee will be customized to match the mix of services you need—no more, no less.

We help nonprofits like yours complete their required annual audit to provide complete transparency regarding their finances. Our Manhattan nonprofit audits not only help you stay compliant but will also improve decision-making and operational effectiveness. We take pride in being thorough, precise, and efficient, providing you with a complete and unbiased report.

Budgeting. Board demands. Donor requirements. IRS regulations. Changing technology…

In addition to your IRS Form 990, we’ll prepare any and all additional tax forms required by your state or local government. Take our 2-minute survey to find out if outsourced accounting and bookkeeping is a good fit for your organization. Without access to accurate financial reports and expert financial guidance, your organization will never be prepared for what’s coming next. By teaming with partners like Velocity Advisory Group, local businesses and community leaders, we provide the most thorough and practical instruction for you and your nonprofit.

Our team of trusted CPAs will keep a close eye on your bank records to detect inconsistencies. Once we have analyzed the entries, we will develop a report that you can use to optimize your nonprofit activities. In addition, our professionals stay up to date with the accounting regulations for nonprofits, and we make sure you’re always on the right side of compliance. If your nonprofit is looking to hire a fractional CFO, our J-SAT professionals are equipped to help you work through your toughest financial challenges, from forecasting cash flows to creating complex budgets. Streamlining and properly managing your nonprofit’s operations allows you to better utilize your resources so you can successfully serve your constituents and achieve your mission.