Non-profit Organizations Have Unique Requirements
Non-profit organizations have greater standards of accountability than for-profit enterprises. They are staffed to further their missions and raise funds first and foremost. Often the financial management is an after thought, especially in the beginning. With all the rules and regulations, this can be a recipe for disaster.
We provide training and coaching to Executive Directors and staff members on systems, controls, reporting and best practices as they apply to non-profit organizations.
We specialize in the customization of your Quickbooks to simplify many of the sometimes daunting financial responsibilities unique to non-profit organizations.
We can help you set up systems and procedures to help your organization effectively manage:
Grant and Contract Reporting
- Grants and Contracts require an accounting of how funds are spent. We make this reporting effortless by setting up your Quickbooks to track your expenses by funder and by program.
Organizational and Program Budgeting
- Budgets are the financial foundation of non profit organizations. Many organizations use multiple processes to track their expenditures. We make it possible for you to track and report this information from QuickBooks at the push of a button.
Restricted and Unrestricted Funds
- Non Profits are required provide an accounting of funding based on the stipulations made by the funder. We can customize Quickbooks to support the reporting of restricted and unrestricted funds.
Fiscal Sponsorship Relationships
- Fiscal sponsorship occurs when a non profit organization provides their tax exempt status to a project or entity with a related mission. This requires that the organization enter into a fee-based contract, and the assumption of accountability for income and expenses. Our accounting knowledge and experience and QuickBooks expertise can help your organization manage fiscal sponsorships effectively.
Financial Reporting to Boards and Executive Committees
- Consistent, timely, and transparent reporting is key to the financial management of a non profit organization. We ensure that you get optimal results when generating reports from QuickBooks. Additionally, we can provide training and coaching to key staff members to ensure a complete understanding of the financial reports.
Supporting Services – Day to Day Transactions
- Accurate and Consistent management of these transactions is vital because it provides your organization with substantive and accurate reporting.
- Accounts Payable (Pay Bills)
- Accounts Receivable e.g. Contract reimbursement invoicing, Donor Pledges
- Posting of outsourced payroll
- Posting of vacation accruals
- Preparation and maintenance of prepaid expense and depreciation schedules
- Account Reconciliation
- Audit or review preparation
- 1099 Preparation
- Oversight, Training, and Consulting
- Liaison with CPA as needed
