Nonprofit Bookkeeping & Accounting Services in the United States

nonprofit bookkeeping services near me

A good bookkeeper will help you maintain good record-keeping and be prepared for any audit. All nonprofit bookkeepers must meet with an accountant to help report quarterly taxes, submit Form 941, create financial statements, and complete government-related reports for grants and business contracts. Our team adapts to your nonprofit’s needs to provide the perfect financial management solution. We can serve as your organization’s bookkeeper, accountant, controller, or Chief Financial Officer (CFO), depending on which services you’re looking for. So, your first task is to decide whether you just need compliance (basic bookkeeping), or if you’re ready to graduate to full-service accounting that will help you serve more people and raise more money.

Part-Time vs. Full Time vs. Outsourced Basic Bookkeeping Costs

When you select board members or hire an individual to serve as your executive director, you likely aren’t selecting them for their strong background in bookkeeping and accounting. Likely, you choose them based on their list of contacts, fundraising abilities, and proven commitment to your cause. As a result, most executive directors and nonprofit board members aren’t qualified to handle the bookkeeping https://www.bookstime.com/ and accounting for your nonprofit. Outsourcing also offers many benefits that you can’t get with an in-house bookkeeper. This is when you’ll need more advanced bookkeeping, accrual-based accounting, and management and board reporting to help you make data-driven decisions that drive your mission forward. This lets you easily predict your cash flow and manage your precious dollars.

Nonprofit Compliance

Nonprofits must be transparent in their bookkeeping to remain tax-exempt. The best way to do this is by following accounting principles and staying aligned with the organization’s mission. Nonprofit bookkeeping is the process of tracking your organization’s day-to-day transactions.

Key Responsibilities of a Nonprofit Bookkeeper

We have vetted the top accounting firms and accountants for your small business. Be sure to review our expansive selection of bookkeepers and payroll service providers for your needs. Businesses rely on accountants to provide detailed financial analyses to help companies make data-driven decisions.Please find the best accountant for your business using our verified reviews, filters, and more. Read reviews and FAQ content to decide which accountant for the nonprofit industry in New York City is best for your next project. A key benefit of Outsourcing is that it gives you the ability to customize the services with your bookkeeping needs. For example, outsourcing can potentially offer advanced management accounting and controller functions to receive a complete “virtual accounting department”, and could be what you need at this stage in your growth.

  • AccuFund is an excellent resource for nonprofits looking for a reliable financial management tool.
  • Between the competing demands of management, auditors, funders, board members, and staff, you need a partner who knows nonprofits.
  • If you would like more information about how Fohrman & Fohrman can empower your mission-driven nonprofit to grow and succeed, please complete our email sign-up form.
  • Each statement relies on quality information regarding the organization’s income from cash donations, grants, in-kind gifts, and expenses.
  • You have constant access to one-on-one consultations and unlimited support when questions arise.
  • Our clients are provided a deeply-discounted subscription to the leading, cloud-based accounting software platform available, Quickbooks Online.

PRIMUS Business Management

nonprofit bookkeeping services near me

They should also include the donors’ information and a list of goods and services. As your nonprofit grows, you must protect yourself and the organization from fraud. This is especially true as you find board members and hire more staff. You must keep these funds nonprofit bookkeeping services near me separate from your personal account to remain transparent and provide required reports to your board and the IRS. In this article, we’ll discuss key bookkeeping responsibilities and steps to efficient bookkeeping and provide 3 software options that can help.

Best Bookkeeping Software for the Best Results

We do all the higher-level monthly closing and oversight of your books, including cost allocations, reconciliations, restricted fund adjustments, and more. We also manage your payroll, store all your receipts, file 1099s, provide monthly reports, give feedback on processes and procedures, and answer all your questions. The majority of our bookkeepers have a bachelor’s degree in accounting. They are also highly trained in the specifics of nonprofit bookkeeping. This is unusual for a bookkeeping company because bookkeeping does not require a degree or certification. This means every level of your bookkeeping has a professional set of eyes on it from top to bottom.

We have decades of experience in serving the nonprofit sector, and specialize in the particular needs of 501(c)3 organizations. Plus, we’re QuickBooks Online Elite ProAdvisors with the professional systems and processes to make all things bookkeeping-related maximally efficient. Yes, we know how to track all the complexities of restricted funds, but most importantly, we know how to set up a simple process that is easy for the client and delivers clear reports. We use technology to leverage our extensive accounting into clear processes and deliverables. When choosing a bookkeeper, updating financial information, and developing reports, you’ll want to keep in mind your organization’s mission and goals. With the right approach and the best tool for the job, your organization can keep better books to help with transparency, annual reporting, and tracking your fiscal health.

  • Plus, since you likely have a limited team, it helps to outsource your bookkeeping so you can focus on growing your organization and never get behind.
  • Figure out which works best for your organization and start tackling the problems with your books.
  • It has a nonprofit software that allows organizations to invoice, track donations, develop reports, and more.
  • We do all the higher-level monthly closing and oversight of your books, including cost allocations, reconciliations, restricted fund adjustments, and more.

Cloud Accounting Software vs. Traditional Accounting Software

  • Timely and accurate record-keeping is one of the most important responsibilities every nonprofit organization faces.
  • And we’ll show you how to use those reports to make smarter decisions for your organization.
  • Our team is trained and certified on this software and we have relationships with these companies.
  • Weekly meetings with an accountant should go over how to adhere to your budget goals and track fund accounting.
  • For over three decades, we’ve worked with executive directors and board members across a variety of organizations to fulfill their missions more effectively and efficiently.

This means you’ll always get continuous service, no matter how complex or minor your accounting needs are. Our experts will make sure all information is present and accounted for. We are offering dedicated team model that consists of team members who hold best industry experience along with strong knowledge and expertise. Your message has been received and we’ll be reviewing your request shortly. In the meantime, schedule a meeting with us and we’ll be in touch soon.

nonprofit bookkeeping services near me

All of our clients are backed by a fully staffed accounting department. Aplos has everything you need in one place for streamlined nonprofit and church management. Aplos will send you a monthly financial statement to guide your financial health.