Volunteers often make up a large part of a nonprofit’s staff and may leave an organization with short notice, which can cause recordkeeping gaps. Get our FREE guide to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization’s finances. We’ll help you modernize your nonprofit accounting & bookkeeping systems to get consistent and accurate reports. And we’ll show you how to use those reports to make smarter decisions for your organization. This enormous responsibility requires time, effort, and expertise, making it a challenging aspect of every nonprofit’s operations.

• Even if your nonprofit is in the beginning stages, your finances can quickly become complex as your organization grows.
• Nonprofit organizations at every stage, and every size, experience accounting challenges.
• Dedicated accounting, payroll, and financial reporting for nonprofits striving for organization growth.
• You might think that running a nonprofit organization is much simpler than a traditional, for-profit business.
• 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.
• Click below and choose Nonprofit Accounting Services under “Purpose of Inquiry” and our team will contact you.

By keeping these differences in mind, you’ll be well equipped to take traditional accounting practices and apply them to your nonprofit accounting processes. To ensure proper tax reporting and guarantee that you get the most value from volunteers, nonprofits must establish a system to track and record their work. Updating these records should be part of regular bookkeeping and accounting operations, and the financial tracking system should be standardized across the organization.

CFO Services

Some of a nonprofit’s income can be taxable if not reported or managed correctly. Whenever new tax laws pass, the rules outlining how nonprofits must handle and report income change. If your nonprofit is looking to hire a fractional CFO, our J-SAT professionals are equipped to help you work through your toughest financial nonprofit accounting services challenges, from forecasting cash flows to creating complex budgets. We help nonprofits and small businesses succeed through fiscal sponsorship, accounting and HR services, and specialty Impact Lab programs. Consistency is a priority for us, and that’s why we’ll provide 1-2 dedicated accountants for your organization.

With a solid bookkeeping system, your nonprofit can ensure financial transparency, comply with federal and state regulations, and have a detailed record of your finances to help in the accounting process. Now is the perfect time to use nonprofit bookkeeping services to ensure your financial records and policies are set up correctly. 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. 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.

What is nonprofit accounting?

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. We will ensure that your accounting package is set up correctly so we can generate accurate and informative financial reports directly from your accounting system. Whether you need a full accounting and finance department or a helping hand to support your current staff, the right expertise is easily accessible at a fraction of the staffing cost. With our “just down the hall” approach, our clients can vouch for our friendly and responsive service. So how do you find an accounting solution that meets all your needs and fits into your budget?

• Reliable financial data translates to meaningful financial reports and analysis, which will empower you to fulfill your mission and achieve your organization’s strategic goals by making impactful decisions.
• We help nonprofits and small businesses succeed through fiscal sponsorship, accounting and HR services, and specialty Impact Lab programs.
• By handling your nonprofit’s accounting responsibly, you’ll earn the trust of donors and foundations and more easily accomplish your goals.
• But, there are still plenty of financial reporting obligations that need to be on your radar.
• Nonprofits must also follow GAAP standards, although their rules are sometimes slightly different from the ones for-profit companies follow.

Jitasa’s experienced nonprofit accountants will set your organization up with a cloud-based accounting system and chart of accounts to guide the financial aspects of your daily operations. We’ll also handle a variety of analysis and reporting tasks, such as reconciling accounts, compiling financial statements, and issuing 1099s. At Jitasa, our mission is to improve the effectiveness and efficiency of nonprofits. Our nonprofit bookkeeping and accounting services are affordable and cater to every organization. From the roots of our firm, our founding partners believed every business should give back to the community that helped it exist, and we continue that mission. Our firm and employees are involved in volunteerism, from training and education to participation on boards and general volunteerism for various organizations.

Unparalleled Expertise

AVAILABLE NOW – Great Beginnings for New Nonprofits, a free 8-part email course on fundraising, financial management and other “must know” topics. 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. Aplos will set up your accounting to achieve the financial reports you need. This means your Chazin & Company team is accessible each and every workday – not just certain times of the month.

We’ll implement new technology and processes to modernize your bookkeeping and improve transparency. That helps us ensure your transactions are entered accurately and on time to give you confidence in your decisions. Many start-up nonprofits engage us for a period of time until they reach a size where they need their own full time bookkeeper. I am a Finance & HR pro with 15 yrs experience in both a small business and nonprofit setting. I am pragmatic and action oriented, striving to produce top quality work with a collaborative approach.

That said, programs and services should always make up the bulk of your organization’s spending, since that is the purpose of a nonprofit. As an owner of a nonprofit, you likely started your organization with bright-eyed dreams of making a difference. You might think that running a nonprofit organization is much simpler than a traditional, for-profit business. In some ways, that’s true; you don’t have to deal with income taxes and other responsibilities that a for-profit business may feel pressured by. But, there are still plenty of financial reporting obligations that need to be on your radar. Though the terminology differs, nonprofits and for-profits use the same accounting principles.

Stay connected with OneOC and receive the latest updates/news for Orange County’s nonprofits, companies and the community. Browse OneOC’s Course Catalog for hundreds of classes, trainings, seminars, webinars and networking opportunities available to nonprofit staff and volunteers. Are you wearing too many hats, can’t keep staff, and need help with keeping your accounting up to date and in compliance? Set up a meeting now to see how we can help you with your accounting by reaching out at