CPA for Nonprofits Nonprofit Accounting Services

When you’re on a budget, it’s easy to feel like you need to do it all yourself. The cost of an in-house nonprofit CFO (or even a phone call to your nonprofit CPA) can feel like an unnecessary expense. And you can stop dreading nonprofit bookkeeping the day your “unicorn” bookkeeper finally throws in the towel, leaving you scrambling to find a replacement you can afford. We work with you to ensure costs are allocated correctly to appropriate program and funding source.

Installing the software and getting to a point where it’s working for you at an optimal level can be challenging. Here at Better Bookkeepers, we’ve installed QuickBooks with countless clients. Not only can you ensure a seamless installation process by hiring us, but we’ll set it up to serve your business optimally and ensure you have a good understanding of how it works. To ensure you can use QuickBooks to its fullest potential, we’ll also train you on the intricacies of the software. Do you have an existing bookkeeping system that has been making errors or takes more time than you’d like? In this case, hiring Better Bookkeepers for a one-time review is your solution.

Fix your nonprofit’s accounting once and for all

If basic bookkeeping is all that your organization needs, you’ll need to decide whether to do the bookkeeping in-house or if you should outsource. If you decide to hire and manage a bookkeeper, you’ll also have to decide whether the position is part-time or requires a full-time, full-charge bookkeeper. In addition to paying employees, office & equipment expenses, and technology costs, nonprofits also need the right processes and procedures in place for audit readiness and mitigating watchdogs. Dedicated accounting, payroll, and financial reporting for nonprofits striving for organization growth. Since every nonprofit is different, it’s impossible to say one software is the best – but there are some excellent options.

Jitasa’s tax specialists have filed more than 4,000 tax returns for nonprofits of all shapes and sizes. In addition to your IRS Form 990, we’ll prepare any and all additional tax forms required by your state or local government. If your nonprofit is looking to hire a fractional CFO, our J-SAT professionals are equipped to help you work through your toughest financial challenges, from forecasting cash flows to creating complex budgets. Without access to accurate financial reports and expert financial guidance, your organization will never be prepared for what’s coming next. It’s a specialized computer program that’s designed as a flexible, easy-to-use accounting solution. As a result, the program has become commonplace among small businesses and only continues to get more popular.

Spend Safely with Nonprofit Accounting Services

When you do hire an expert, they’ll be able to review and reconcile your documentation more quickly, saving you money. Give the Better Bookkeepers a call for assistance in every step of the QuickBooks process, from deployment to long-term support. They can expect donors, the government, the media and the general public to all scrutinize their operations. Although nonprofits usually don’t pay taxes, they do prepare an annual informational return (Federal Form 990) to showcase how they use their funds and fulfill their mission.

Both require very different levels of effort and expertise and the cost for full-service accounting is much higher. However, most nonprofits that https://www.bookstime.com/ make the leap see the value, and experience an ROI rapidly. Just like for-profit businesses, nonprofits need to spend money on accounting.

NONPROFIT CFO SERVICES

These represent accounting rules that standardize reporting of financial statements. Organizations like the American Institute of Certified Public Accountants (AICPA) and the Financial Accounting Standards Board (FASB) outline these principles and present reliable resources for nonprofit and for-profit entities. 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. 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.

• Aplos will send you a monthly financial statement to guide your financial 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.
• Every nonprofit is unique, and there’s no single system that’s right for everyone.
• That helps us ensure your transactions are entered accurately and on time to give you confidence in your decisions.
• Here at Better Bookkeepers, we apply our extensive experience in bookkeeping in San Jose to create custom solutions for each client.
• When the Quality Review program was being implemented in Illinois, we sat on the Quality Review Executive Committee until the program was up and running for the duration of the Committee.