Nonprofit Accounting Services
Streamlining Non-Profit Accounting: Your Path to Tax-Exempt Success
As a non-profit organization, maintaining a robust accounting system and adhering to tax regulations is crucial for preserving your tax-exempt status. We are here to handle all your accounting needs, ensuring your organization remains compliant and financially sound.
Form 990 & Statements
At the heart of our services we will help you navigate the complex IRS requirements for non-profits. We'll guide you through the annual submission of Form 990 and its related statements, which include:
- Income Statement: Detailing your organization's specific revenue and expense categories, such as donations, salaries, postage, and rent.
- Balance Sheet: Categorizing your assets, liabilities, and equity, including cash, accounts receivable, and accounts payable.
- Functional Expense Statement: Allocating your expenses to program services, fundraising, and operations.
- Individual Program Expense Statement: Reporting the expenses for each of your organization's programs or services.
- Revenue Support Schedules: Outlining the various sources of your income, including charitable donations, membership fees, and investment income.
Compliance
By streamlining your accounting system around these specific revenue and expense classifications, we'll help you maintain your tax-exempt status and ensure compliance with IRS regulations.
Here's how we'll support your non-profit organization:
- Compile your financial statements
- Setup, and maintaining your accounting system
- Provide training for your accounting personnel
- Manage your external, independent audit (if required)
- Budget revisions and budget to actual variance reports.
- Liaison between your business and your network of financial professionals, including your CPA, auditors, and other relevant experts.
