Our experts save you valuable time by doing the vital recording, reconciling, and reporting to empower your financial decisions. Nonprofit finances aren’t like everyone else’s—and you shouldn’t settle for services that treat them like they are. The Charity CFO helps you understand the numbers, stay compliant, and make smart decisions with confidence. Once we have analyzed the entries, we will develop a report that you can use to optimize your nonprofit activities.

Our New York City Nonprofit Bookkeeping Services Can Save You Up To 40% in Admin Costs

• Stress-free payroll services so you can focus on changing the world, not cutting checks.
• Making sure your bank records and internal records reflect the same data is vital to ensuring the financial stability of your organization.
• Our nonprofit clients appreciate this approach, which is evidenced by the low level of lost clients which the firm has experienced.
• This information will be used later to produce financial statements (and report your financial information to the IRS), so you should thoroughly and accurately detail each transaction your nonprofit makes.
• A skilled bookkeeper can transform your financial management, ensuring compliance and providing insights for informed decision-making.

Our basic full-service bookkeeping package typically starts at $299/month. We provide full-charge bookkeeping services to nonprofit organizations with annual operating budgets of $250,000 and up. Restricted funds are contributions that must be used for particular purposes as designated by the donor, while unrestricted funds can be used at the nonprofit’s discretion.

Our Bookkeepers Certifications

They were able to take a lot off my plate, allowing me to focus more on providing excellent service to my clients. Whether you need a full accounting and finance department or a helping hand to support your current staff, the right expertise is easily accessible at a fraction of the staffing cost. With our “just down the hall” approach, our clients can vouch for our friendly and responsive service. It shows the various cash inflows and outflows over a specific period, revealing how a nonprofit manages its cash to meet operational needs. It provides insights into liquidity and helps nonprofits plan for short-term cash requirements, ensuring they can cover expenses and sustain programs.

Why Our Clients Trust Us

We use an internal pricing formula based on the services desired, number of accounts and transactions, number of employees, etc. We base our pricing on the accounting services for nonprofit organizations amount of work, not the revenue of the organization or business. Our proposal will break down the costs per service and we try to offer options to meet every budget.

Please be aware that this might heavily reduce the functionality and appearance of our site. If there is any financial misappropriation or incorrect entries, we will rectify it and inform you. For example, let’s say your nonprofit needs a car to run errands for the organization. A generous car dealership gives you a vehicle for free, but that doesn’t mean it wasn’t a transaction! You’ll need to record the car as an in-kind donation from the dealership, noting even details about the model and make of the vehicle. Whether you spend one dollar on paper clips or $1,000 on a venue for a fundraiser, every transaction must be recorded.

• Our team understands the difficulties of nonprofit accounting, including tracking donations and grants, handling restricted and unrestricted funds, managing tax-exempt status, and preparing specialized financial statements.
• We understand the challenges nonprofits face in managing their finances while fulfilling their mission, and we strive to alleviate these burdens by offering reliable and efficient accounting solutions.
• This enormous responsibility requires time, effort, and expertise, making it a challenging aspect of every nonprofit’s operations.
• 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.
• Once we have analyzed the entries, we will develop a report that you can use to optimize your nonprofit activities.
• Once you’re fully onboarded and your books are cleaned up, we’ll start your monthly bookkeeping services so everything stays organized, accurate, and ready for board meetings, grant reports, and big decisions.

Bookkeeping involves recording and analyzing a nonprofit’s financial transactions to ensure compliance with state and federal accounting rules. Timely and accurate record-keeping is one of the most important responsibilities every nonprofit organization faces. Essentially, you should view bookkeeping as the financial oversight process that’s necessary for operating your nonprofit daily. For example, bookkeeping ensures your nonprofit uses its revenue wisely and maintains its tax-exempt status. Accounting, on the https://holycitysinner.com/top-benefits-of-accounting-services-for-nonprofit-organizati/ other hand, is using that information to provide a detailed analysis of your finances. In other words, effective bookkeeping practices will accurately record and monitor your financial activity throughout the fiscal year.