Non-profits
What makes non-profits so different?
Non-profits often face concerns related to compliance with tax regulations, such as maintaining their tax-exempt status and accurately filing required forms like the IRS Form 990. Additionally, they may need to prepare for audits to ensure financial transparency and accountability, especially if they receive significant federal funding or are required to do so by state laws.
It's when accounting is about more than just the bottom line...
Donors often wish to restrict their donations to specific purposes. We can help you provide discussion points to shape their donations to meet their wishes while best meeting your own needs. Suggesting alternatives, in addition to the intended beneficiaries, allows your non-profit to more effectively utilize the donated funds.
We can both teach you and review proper accounting/recording of funds received and expenses. We can set up systems to directly apply funds to specific programs or allocate funds across the entire organization.
We can provide a safety net that all non-profits need by reviewing your annual financial report before it is certified by the organization’s president or other authorized officer. This insures your report meets both Federal and State requirements, as well as the wishes of donors or lenders.
Correct accounting for your Non-profit's transactions will also shorten the unforeseen/unfortunate IRS or State audit time frame should they ever occur.
