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Nonprofit Accounting Services

Is your nonprofit organization facing accounting challenges? Our specialized nonprofit accounting services help mission-driven organizations maintain financial compliance, improve transparency, and focus more resources on their core purpose.

With decades of experience serving the nonprofit sector, we understand the unique financial requirements you face.

Services We Provide

Monthly Nonprofit Bookkeeping Services
Annual Financial Statement Services
Nonprofit Formation and Compliance Services

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Rated 5 out of 5

Monthly Nonprofit Bookkeeping Services

Many nonprofits, regardless of size, choose to outsource their bookkeeping function to our specialized team. While larger organizations might have an entire finance department with controllers and accountants, others find that our professional services provide greater efficiency and expertise at a lower cost.

We complete bookkeeping on a monthly basis to stay current with your revenues and expenses in real time. This regular schedule ensures transactions are properly categorized while details remain fresh, allowing us to ask relevant questions when needed. For organizations with bookkeeping that has fallen behind by months or years, we also offer comprehensive cleanup services to restore order to your financial records.

Annual Financial Statement Services

Many nonprofit organizations are required to complete annual audits, reviews, or compilations to meet regulatory requirements and funder expectations. These attestation services provide varying levels of assurance regarding the reliability of your financial statements, helping to build trust with stakeholders.

Most nonprofit audits require several weeks to complete, so we recommend contacting us as early as possible to begin the process. While we do offer expedited services when necessary, certain audit procedures involve third-party confirmations that may take time to obtain. Planning ahead ensures a smoother, less stressful experience for your organization.

Nonprofit Formation and Compliance Services

We regularly assist organizations with forming nonprofit entities at the state level and obtaining tax-exempt status with the IRS. It’s important to remember that creating a nonprofit corporation with your state does not automatically grant federal tax-exempt status – this requires separate, complex documentation.

Our team also specializes in helping nonprofits address compliance issues that may affect their standing with state authorities. If your organization has missed filings or lost its good standing status, we can quickly resolve these matters, allowing you to focus on your mission rather than administrative challenges. We support all nonprofit classifications, including 501(c)(3) organizations and social clubs/societies.

FAQs About Nonprofit Accounting

Why should we outsource our nonprofit bookkeeping?

Outsourcing bookkeeping allows your organization to benefit from professional financial expertise without the cost of a full-time finance team. Monthly bookkeeping ensures your financial records stay current and accurate, providing better information for decision-making while freeing your staff to focus on mission-critical activities.

What if our nonprofit's books haven't been updated in months or years?

We regularly help nonprofits catch up on bookkeeping that has fallen behind. Our cleanup services organize past transactions, reconcile accounts, and prepare accurate financial statements, regardless of how long your books have been neglected. This service quickly restores order to your financial records.

What's the difference between an audit, review, and compilation?

These are different levels of financial statement services. An audit provides the highest level of assurance through detailed examination. A review offers limited assurance with less testing. A compilation organizes financial information without providing assurance. The appropriate service depends on your organization’s requirements.

If we've formed a nonprofit with our state, do we automatically have IRS tax-exempt status?

No. Creating a nonprofit corporation at the state level is separate from obtaining federal tax-exempt status. IRS approval requires additional complex documentation and application processes. We can assist with both state incorporation and obtaining federal nonprofit status, including 501(c)(3) and other classifications.

What should we do if our nonprofit has lost good standing with the state?

If your organization has lost its good standing status due to missed filings or other compliance issues, we can help restore your standing. We frequently assist nonprofits with catching up on required filings and resolving compliance problems, allowing you to maintain proper legal status.

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We are Federally Enrolled IRS Agents

Certified to Practice in all 50 States with Additional Accredited Licenses

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