Nonprofit Accounting & Bookkeeping Services

Timely and accurate record-keeping is one of the most important responsibilities every nonprofit organization faces. Nonprofit bookkeeping is the process of tracking your organization’s day-to-day transactions. 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.

Accounting Setup

That helps us ensure your transactions are entered accurately and on time to give you confidence in your decisions. unearned revenue When you let us handle your nonprofit’s bookkeeping needs, you will be paired with one of our staff bookkeepers whose expertise is best matched to your needs. Between the competing demands of management, auditors, funders, board members, and staff, you need a partner who knows nonprofits. Throughout our engagement, Erica has consistently demonstrated an unwavering commitment to ensuring that all aspects of our financial records were impeccably managed. “I am pleased to provide a glowing review for Erica’s exceptional volunteering accounting services.

• Many accounting software programs allow you to generate financial statements automatically, such as a statement of financial position.
• We are happy to be your partner in making sure you are staying compliant.
• Then, plan out how you’ll spend your income in a way that achieves those goals.
• Learn about the key components of a nonprofit’s statement of cash flows and how to properly interpret this important statement.
• We are extremely pleased with the exceptional hospital billing services provided by Invensis.
• If they want to maintain this status, they need to do accurate bookkeeping.

Jitasa Clients in New York City, New York Receive…

It provides insights into liquidity and helps nonprofits plan for short-term cash requirements, ensuring they can cover expenses and sustain programs. Even tiny nonprofits have BIG bookkeeping challenges, like cash flow forecasting, grant tracking, and finding the time to reconcile your accounts. 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.

Do nonprofits have to follow GAAP?

Our proposal will break down the costs per service and we try to offer options to meet every budget. Our basic full-service bookkeeping package typically starts at $299/month. Our wide range of experiences as nonprofit accountants, auditors, CFOs, and board members gives you access to nonprofit bookkeeping services near me a broad skillset you can’t replicate with a single in-house employee.

Nonprofit Accounting

Failing the test will have serious consequences as it will cause the public charity to be reclassified as a public foundation. Learn how to calculate your nonprofit’s public support in order to properly file your annual tax return. We are passionate about bringing clarity to nonprofit leaders in the complex world of nonprofit accounting. Mosaic Bookkeeping’s mission is to maximize our clients’ impact by providing data-driven accounting solutions and financial systems. Prior to joining us, Tim gained valuable experience as an auditor at Ernst & Young.

• We’ll create a custom price quote that’s tailored for you— to ensure you get the support you need without paying for anything that you don’t.
• The vendor signs this document and confirms all details of the purchase.
• The entry should contain information such as the donor’s name, the amount of money, and the date.
• 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.
• This process helps stakeholders understand how resources are used, improves nonprofit budget tracking, and aids in meeting the reporting requirements of GAAP, giving nonprofits a clear picture of their operational costs.

Let us worry about your books.So you can focus on your mission.

• “On behalf of Minds of Light, I want to express our heartfelt gratitude for the time and effort Erica invested in assisting us with our accounting needs.
• Our team ensures your nonprofit’s financial statements meet the necessary standards, making the audit process smoother and reducing the risk of compliance issues.
• The selected program should be able to automate everyday tasks and minimize errors.
• While the basic bookkeeping principles may apply in both cases, certain seemingly small details make significant differences in how a nonprofit’s finances are done.
• We have worked with federal, state, local, private, and public grants.
• Bookkeeping for a nonprofit is vital because it proves how an organization is spending its funds.

Jitasa’s nonprofit accounting services are your financial compass, guiding you through the complexity with expert bookkeeping and strategic CFO counsel. Our tailored approach ensures your organization stands tall, with financial integrity as impressive as the Empire State itself. With Jitasa, you gain a partner adept at enhancing your fiscal narrative, ensuring your impact resonates through the boroughs. In the city that never sleeps, let your nonprofit’s mission shine as brightly as Times Square.